1. What is the initial balance in the account?
2. Is the account growing by the same number of dollars each year? Explain how you know.
3. A second investment account starts with $2,000 and grows by $150 each year.
4. How does the growth of balances in the two account balances compare?

Respuesta :

Answer:

The opening balance is the amount of funds in a company's account at the beginning of a new financial period. It is the first entry in the accounts, either when a company is first starting up its accounts or after a year-end.