Multiple Choice
If you deposit $500 in a savings account at an annual interest rate of 5%, how much will you have in the account at the end of five years?
A) $625
B) $392
C) $638
D) $12,500
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: Which of the following is NOT a
Q21: Winners of state lotteries are often given
Q22: A bond's price and its yield to
Q23: What is the total rate of return
Q24: Which of the following is a coupon
Q26: In comparing the yield to maturity on
Q27: The only case for which the bond
Q28: At an interest rate of 3%, what
Q29: What is the yield on a discount
Q30: On a coupon bond, the yield to