Citizens Bank is offering 5.1 percent compounded daily on its savings accounts. You deposit $4,500 today. a. How much will you have in the account in 5 years b. 10 years c. 20 years
Citizens Bank is offering 5.1 percent compounded daily on its savings accounts. You deposit $4,500 today. a. How much will you have in the account in 5 years b. 10 years c. 20 years
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Citizens Bank is offering 5.1 percent compounded daily on its savings accounts. You deposit $4,500 today.
a. How much will you have in the account in 5 years
b. 10 years
c. 20 years
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