Question:

Suppose you deposit $2000 in a savings account that pays

Last updated: 7/22/2022

Suppose you deposit $2000 in a savings account that pays

Suppose you deposit $2000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions. a. How much will be in the account after 3 years? b. How much will be in the account after 18 years? c. How many years will it take for the account to contain $2500? d. How many years will it take for the account to contain $3000?

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