Solved

You Deposit $500 Today in a Savings Account That Pays

Question 64

Multiple Choice

You deposit $500 today in a savings account that pays 6% interest,compounded annually.How much will your account be worth at the end of 40 years?


A) $6,274.29
B) $5,091.43
C) $3,857.14
D) $5,760.00
E) $5,142.86

Correct Answer:

verifed

Verified

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

Related Questions