document.write( "Question 1196759: Assume a firm makes a $2,500 deposit into its money market account. If this account is currently paying 0.7%, what will be the balance after (i) 1 year (ii) 3 year (iii) 5years. \n" ); document.write( "

Algebra.Com's Answer #829746 by ikleyn(52787) $\"\"$ $\"About$

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document.write( "(i)   2500*(1+0.007) = 2500*1.007 = use your calculator. Round the answer to the nearest penny.\r\n" );
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document.write( "(ii)   = use your calculator. Round the answer to the nearest penny.\r\n" );
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document.write( "(iii)  = use your calculator. Round the answer to the nearest penny.\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson\r
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