SOLUTION: You deposit $500 in an account today and an additional amount X in one year. The account pays 3.5% annually. What amount X is required to have $2,000 in the account at the end of t

Question 960438: You deposit $500 in an account today and an additional amount X in one year. The account pays 3.5% annually. What amount X is required to have $2,000 in the account at the end of three years?
Answer by josgarithmetic(39630) (Show Source): You can put this solution on YOUR website!
First year, 500 dollars.
.

After one year, .

At the end of two more years, .

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