You want to have $3000 in your bank account after 5 years. How much should you deposit into a bank account that pays 3.25% interest compounded quarterly? Round to the nearest dollar.
You want to have $3000 in your bank account after 5 years. How much should you deposit into a bank account that pays 3.25% interest compounded quarterly? Round to the nearest dollar.
Answer A. $2551
Answer B. $2881
Answer C. $3527
Answer D. $2552