ppose
you deposit $1,000 in a savings account that pays interest at an annual rate of 5%. If no money is added or withdrawn from the account, answer the following questions.
How much will be in the account after 4 years?
How much will be in the account after 18 years?
How many years will it take for the account to contain $1,500?
How many years will it take for the account to contain $2,000?
After 4 years, the amount in the account will be $
Do not round until the final answer. Then round to the nearest cent as needed.)
After 18 years, the amount in the account will be $
Do not round until the final answer. Then round to the nearest cent as needed.)
years.
For the account to contain $1,500, it will take
(Type a whole number)
d. For the account to contain $2,000, it will take years.
(Type a whole number)
