Make the smartest decisions when it comes to money

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Richard doesn't always make the smartest decisions when it comes to money. He has more taxes withheld from his paycheck so he will get a large check in April from the IRS. Well, this check came in the mail yesterday. $1200.00 and he deposited it into a savings account paying 3% interest. Assuming he leaves it there for four years, how much money will he eventually have?

Reference no: EM131087852

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Make the smartest decisions when it comes to money : Richard doesn't always make the smartest decisions when it comes to money. He has more taxes withheld from his paycheck so he will get a large check in April from the IRS. Well, this check came in the mail yesterday. $1200.00 and he deposited it into..

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