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Unformatted text preview: Thus, the total after one year is $1,000 + $120 = $1,120. Note that the principal at the beginning of the second year was $1,120. Thus, the total after two years is $1,120 + $134.40 = $1,254.40. Note that the principal at the beginning of the third year was $1,254.40. Thus, the total after three years is $1,254.40 + $150.53 = $1,404.93....
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This note was uploaded on 11/10/2011 for the course MATH 1310 taught by Professor Staff during the Fall '07 term at Texas State.
- Fall '07