Solved

Deposit $500 Today in a Savings Account That Pays 3

Question 40

Multiple Choice

deposit $500 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) $1,122.54
B) $1,181.62
C) $1,240.70
D) $1,302.74
E) $1,367.88

Correct Answer:

verifed

Verified

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

Related Questions