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A young graduate looks to save money to buy a house 5.00 years from today. He...

A young graduate looks to save money to buy a house 5.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 2.00% annually. The graduate invests $8,943.00 today. How much will his account be worth in 5.00 years?

Answer Format: Currency: Round to: 2 decimal places.

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Answer #1

Gtiven lo Rate 4 inteed 2.00% it Ss .oO wre Vaue 843 oo $43.oo C1 10y] 9873.79

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