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    Exam 5: Introduction to Valuation: The Time Value of Money
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    Al Invested $3,630 in an Account That Pays 6 Percent
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Al Invested $3,630 in an Account That Pays 6 Percent

Question 23

Question 23

Multiple Choice

Al invested $3,630 in an account that pays 6 percent simple interest. How much money will he have at the end of five years?


A) $4,910
B) $5,056
C) $4,719
D) $4,678
E) $5,299

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