Calculating deposit needed You put $9,000 in an account earning 7%. After 2 years, you make another deposit into the same account. Eight years later (that is, 10 years after your original $9,000...


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Calculating deposit needed You put $9,000 in an account earning 7%. After 2 years, you make another deposit into the same account. Eight years later (that is, 10 years after your original $9,000 deposit), the account balance is $21,000.<br>What was the amount of the deposit at the end of year 2?<br>The amount of the deposit at the end of year 2 is $<br>(Round to the nearest cent.)<br>

Extracted text: Calculating deposit needed You put $9,000 in an account earning 7%. After 2 years, you make another deposit into the same account. Eight years later (that is, 10 years after your original $9,000 deposit), the account balance is $21,000. What was the amount of the deposit at the end of year 2? The amount of the deposit at the end of year 2 is $ (Round to the nearest cent.)

Jun 10, 2022
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