Ask Question
22 February, 04:53

Suppose you put $500 into a bank account today. interest is paid annually and the annual interest rate is 3 percent. the future value of the $500 after 1 year is

+5
Answers (1)
  1. 22 February, 04:59
    0
    A=p (1+r) ^t

    A=500 * (1+0.03) ^ (1)

    A=515
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you put $500 into a bank account today. interest is paid annually and the annual interest rate is 3 percent. the future value of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers