O e) None of the above 15. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank...


O e) None of the above<br>15. You deposit $8,000 in a bank account today. You make another deposit<br>of $14,000 into the account in year one and you make a third deposit of<br>$10,000 in year two. The bank pays interest at 8 percent compounded<br>annually. How much will you have in your account at the end of year 3? *<br>a) $37,207<br>b) $35,207<br>c) $39,207<br>d) $40,502<br>e) None of the above<br>

Extracted text: O e) None of the above 15. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account at the end of year 3? * a) $37,207 b) $35,207 c) $39,207 d) $40,502 e) None of the above

Jun 06, 2022
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