Solved

If You Had $3,000 in a Savings Account That Paid

Question 18

Multiple Choice

If you had $3,000 in a savings account that paid 5% interest compounded annually, how much would you have in your account after five years?

A) $3,484
B) $3,629
C) $3,750
D) $3,829
E) $4,224

Related Questions

Q13: What interest rate should a banker charge

Q14: Which of the following is FALSE?<br>A)wage indexation

Q15: In which time period was the average

Q16: Which of the following is FALSE, if

Q17: If the yearly inflation rate could be

Q19: Which of the following is TRUE?<br>A)the costs

Q20: Which of the following statements is FALSE?<br>A)homeowners

Q21: If people always perfectly anticipated and adjusted

Q22: The real return on a bond that

Q23: Which of the following is TRUE, if