yar so simple: work back
| = + 1,000 x (1+4%)^2 |
| by this formula you will reach 1,081.60 |
On Mon, Feb 6, 2012 at 9:33 AM, mc100203362 Asif Iqbal <mc100203362@vu.edu.pk> wrote:
which one is correct? kindly kindly provide ans with reference:--Asma deposits funds into a CD account at her bank. The CD account has an annual
interest of 4.0%. If Asma leaves the funds in the CD account for entire two years she will
have $1081.60. What amount is Asma depositing?
$960.60
$900.00
$1005.00
$1000.00
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