Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly deposits of $ 80 to the account. If the account earns 3.5% interest compounded monthly, how much money will she have in the account in 4 years? Total after 4 years =

Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly deposits of $ 80 to the account. If the account earns 3.5% interest compounded monthly, how much money will she have in the account in 4 years? Total after 4 years =

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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1. Sarah opens an investment account with an initial deposit of $ 900. She then sets up
monthly deposits of $ 80 to the account. If the account earns 3.5% interest compoundec
monthly, how much money will she have in the account in 4 years?
Total after 4 years =
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