8
8.
Juan's parents put $10,000 into a college education savings
account at the rate of...
Mathematics, 16.02.2021 16:20 rileybaby34
8
8.
Juan's parents put $10,000 into a college education savings
account at the rate of 6% compounded annually. The chart
below shows the value of the original investment at the end
of years 1 and 2.
Investment Value
End of Year 1 End of Year 2 End of Year 3 End of Year 4
$10,600.00 $11,236.00
?
If no further deposits or withdrawals are made, what will
the value of the original investment be at the end of year 4?
Round your answer to the nearest dollar.
$11.836.00
C $12,584.00
B $12.436.00
D $12.625.00
Answers: 2
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