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A savings account pays 2% interest compounded annually. If $1,200 is deposited initially and again at the first of each year, how much money will be in the account three years after the initial deposit?

Respuesta :

wolf1728
end of third year = 1,200*(1.02)^3  = 1,273.45 plus
end of second year = 1,200*(1.02)^2 = 1,248.48  plus
end of first year = 1,200*(1.02) = 1,224.00

Total = 3,745.93


Answer:

3,745.93or answer C

Step-by-step explanation:

It just is

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