A few days ago
In January of 1990, you deposited $1000 into an account that guaranteed an annual interest rate of 3%.?
In January of 1990, you deposited $1000 into an account that guaranteed an annual interest rate of 3%. You didn’t touch your money for 17 years, and in January 2007, you took out all your money. How much did you have? Round to the nearest cent.
Top 4 Answers
A few days ago
Favorite Answer
$1652.85
0
A few days ago
1000 * (1.03)^17
=$1,652.85
Though inflation probably makes it much closer to $1000 🙁
0
A few days ago
1000 * (1.03)^17 = $1,652.85
0
A few days ago
yes. it’s $1,652.85
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