Multiple Choice
deposit $1,000 today in a savings account that pays 3.5% interest, compounded annually.How much will your account be worth at the end of 25 years?
A) $2,245.08
B) $2,363.24
C) $2,481.41
D) $2,605.48
E) $2,735.75
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: sold a car and accepted a note
Q5: uncle has $300,000 invested at 7.5%, and
Q6: are offered a chance to buy an
Q7: have a chance to buy an annuity
Q8: of the cash flows shown on a
Q9: year Ellis Inc's earnings per share were
Q11: greater the number of compounding periods within
Q61: Which of the following investments would have
Q99: Assume that you own an annuity that
Q110: What's the future value of $1,200 after