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Rickos Rickos
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Posts: 1281
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7 years ago
You have been depositing money at the end of each year into an account drawing 8% interest. What is the balance in the account at the end of year four if you deposited the following amounts?

   Year   End of Year Deposit
   1   $350
   2   $500
   3   $725
   4   $400

A) $1,622
B) $2,207
C) $2,384
D) $2,687
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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Posts: 729
7 years ago
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Rickos Author
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7 years ago
I really needed your help, thank you! Smiling Face with Glasses
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