logo

Crowdly

Browser

Add to Chrome

A deposit of \$100,000 is made to an investment fund at the beginning of a year....

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

A deposit of \$100,000 is made to an investment fund at the beginning of a year. On the last day of each year, two dividends are awarded:

  • 20% of the amount in the account during that year, and
  • 45% of the amount in the account in the previous year.

No money is withdrawn. How much is in the account at the end of year 2?

0%
0%
0%
100%
More questions like this

Want instant access to all verified answers on moodle.usthlearningsupport.vn?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Browser

Add to Chrome