Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

1. Kimi Skuban deposits $2,000 at the beginning of each year into an Individual Retirement Account at
Boise Bank. The account pays 7% compounded annually. How much will be in the account in 25 years?


Sagot :

Answer:

53500

Step-by-step explanation:

if we take 2,000 and multiply it by 0.07 the resulting percentage equates to 140, or $140, add 140 to 2,000 and multiply by 25 will yield 53500

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.