Wou decide to place all your savings of $1,234 into a fund that has a modest annual interest rate of 0.33% for the time you are at UTC for 4 years. What is the balance of the account at redemption?
Wou decide to place all your savings of $1,234 into a fund that has a modest annual interest rate of 0.33% for the time you are at UTC for 4 years. What is the balance of the account at redemption?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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0.33% for the time you are at UTC for 4 years. What is the balance of the account at redemption?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0e4ec90-ed92-488f-912b-133729910ca9%2F73179c4f-ccfb-4b5a-9796-3a334e288d1b%2Fh8mz3bw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You decide to place all your savings of $1,234 into a fund that has a modest annual interest rate of
0.33% for the time you are at UTC for 4 years. What is the balance of the account at redemption?
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