SOLUTION: If you put $4,000 in a savings account that pays interest at the rate of 6 percent, compounded annually, A how much will you have in three years? B. how much interest will yo

Question 1145495: If you put $4,000 in a savings account that pays interest at the rate of 6 percent, compounded annually,
A how much will you have in three years?
B. how much interest will you earn during the three years?
C. If you put $4,000 at the end of each year into a savings account that pays interest at the rate of 6 percent a year, how much would you have after three years?
Answer by ikleyn(52775) (Show Source): You can put this solution on YOUR website!
.


(A)  Future value =  =  = 4764.06 dollars.


(B)  Interest in three years = 4764.06-4000 = 764.06  dollars.

---------------

If (C) is self-standing separate problem, then why do you post two separate problems in this post ?

The rule of this forum is

ONE and ONLY ONE problem per post.

Those who violate this rule, work against their own interests.

RELATED QUESTIONS
If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent,... (answered by stanbon)

If you put $4,000 in a savings account that pays interest at the rate of 4%, compounded... (answered by rfer)

If you put $5,000 in a savings account that pays interest at a rate of 4%, compunded... (answered by ewatrrr)

You deposit $2,000 in a savings account that pays 10 percent interest, compounded... (answered by Alan3354)

Suppose you deposit $1500 in a savings account that pays interest at aninterest rate of... (answered by checkley79)

You have 3,000 in a savings account that pays 5 1/2% compounded annually. How much... (answered by Alan3354)

If you put $5,000 each year into a savings account that pays interest at the rate of 4% a (answered by ewatrrr)

Suppose that a savings account pays an effective rate of interest of 9 percent. What is... (answered by ankor@dixie-net.com)

Steve's bank pays an annual interest rate of 2.8 percent on a savings account. The... (answered by ewatrrr)