Interest Rate
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If you put $7,000 in a savings account that pays interest at the rate of 3 percent, compounded annually,
how much will you have in 7 years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix B.
(Hint: Use the future value formula.)
$
how much interest will you earn during the 7 years? Round the answer to the nearest cent.
$
If you put $7,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years? Use the Appendix B. Round the answer to the nearest cent. Round FV-factor to three decimal places.
$
12 years ago
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If you put $7,000 in a savings account that pays interest at the rate of 3 percent
NOT RATED12 years ago