Post a New Question

Economics

posted by .

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?

  • Economics -

    Multiply $5000 by 10 years

  • Economics -

    10,000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question