U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 will be made one year from now. What will the account balance be three years from now if the account pays 4.85 percent interest, compounded annually?

A) $13,033.95
B) $13,430.84
C) $12,431.05
D) $14,328.90
E) $13,666.10


E) $13,666.10

Business

You might also like to view...

Net income is equal to:

a. Assets minus Liabilities b. Revenues and Gains minus Expenses and Losses c. Shareholders' Equity minus Assets d. Revenues and Assets minus Expenses and Liabilities

Business

Compare and contrast different forms of communication networks.

What will be an ideal response?

Business

In a situation involving undue influence, the party who takes advantage of another person's mental, emotional, or physical weakness to unduly persuade that person to enter into a contract is called the ________.

A. servient party B. correspondent C. dominant party D. fraudster

Business

A constitution:

a. restricts powers of government. b. specifically enumerates certain liberties of the people. c. establishes governmental structure. d. All of these.

Business