Posted by **manny** on Thursday, February 21, 2013 at 3:59pm.

Ben deposits $5000 now into an account that earns 7.5 percent interest compounded annually. He then deposits $1000 per year at the end of the first and second years.

How much will the account contain 10 years after the initial deposit?

## Answer this Question

## Related Questions

- math - Investor A deposits 1,000 into an account that earns an interest rate of ...
- Maths B - Kate is thinking about investing $45000 for 5 years. She deposits her ...
- math - Deposits of $1,000, $1,100 and $680 were made into a savings account, the...
- value of money - Deposits of $1,000, $1,100 and $680 were made into a savings ...
- Precalc growth and decay - Alison deposits $500 into a new savings account that ...
- business math - If you make two equal deposits now and 5 years from now into an ...
- Finance - Assume that you are 23 years old and that you place $3,000 year-end ...
- Finite Mathematics - If a merchant deposits $1,500 annually at the end of each ...
- Calc - A person deposits money into a retirement account, which pays 7% interest...
- math - you deposit $ 900 in a savings account that earns 4%interest coumpounded ...

More Related Questions