Tuesday, February 7, 2012

Re: [ vuZs.net ] mgt411 plz help me in this question

$1000.00

On Mon, Feb 6, 2012 at 10:33 PM, mc100203362 Asif Iqbal <mc100203362@vu.edu.pk> wrote:
which one is correct? kindly kindly provide ans with reference:
 
 

Asma deposits funds into a CD account at her bank. The CD account has an annual

interest of 4.0%. If Asma leaves the funds in the CD account for entire two years she will

have $1081.60. What amount is Asma depositing?

 

$960.60

$900.00

$1005.00 

$1000.00

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