Multiple Choice
You deposit $3,000 in a retirement account today at 5.5% interest. How much more money will you have if you leave the money invested for forty-five years rather than forty years?
A) $7,714.91
B) $7,799.08
C) $7839.74
D) $7,846.52
E) $7,858.19
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q265: One year ago, you invested $5,000. Today,
Q266: You deposit $500,000 in a higher risk
Q267: Present values increase the further away in
Q268: You would like to give your daughter
Q269: The notion that money has "time-value" is
Q271: You setup an educational savings plan that
Q272: Provide a graphical illustration of present value
Q273: Interest earned only on the original principal
Q274: You hope to buy your dream house
Q275: Seven years ago David deposited $10,000 into