You deposit 1,000 into a 9 percent account today. At the end of two years, you will deposit another 3,000. In five years, you plan a 4,000 purchase. How much is left in the account one year after the purchase?

Anybody can solve this?

Thank you.

January 29, 2017 - 5:39am

#1
heatler18j

Engineering Economy - Interest rate

You deposit 1,000 into a 9 percent account today. At the end of two years, you will deposit another 3,000. In five years, you plan a 4,000 purchase. How much is left in the account one year after the purchase?

Anybody can solve this?

Thank you.

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