menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 3
  4. Exam
    Exam 4: Time Value of Money 1: Analyzing Single Cash Flows
  5. Question
    How Much Would Be in Your Savings Account in 10
Solved

How Much Would Be in Your Savings Account in 10

Question 137

Question 137

Multiple Choice

How much would be in your savings account in 10 years after depositing $50 today if the bank pays 7 percent interest per year?


A) $35.00
B) $98.36
C) $535.00
D) $690.82

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q132: Assume you borrow $500 from a payday

Q133: What annual rate of return is implied

Q134: Compute the present value of $4,000 paid

Q135: Determine the interest rate earned on a

Q136: A $7 million deposit earns 5 percent

Q138: What is the value in year 2

Q139: How long will it take for the

Q140: Which of the following investments would you

Q141: Which of the following investments would you

Q142: What is the future value of $2,500

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines