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Solve the Problem $6569\$ 6569 At the End of Each Year into an Account Earning

Question 146

Multiple Choice

Solve the problem.
-Suppose you invest $6569\$ 6569 at the end of each year into an account earning 5%5 \% interest (compounded annually) . At the end of 5 years, how much money will be in the account?


A) $36,297.87\$ 36,297.87
B) $167,677.90\$ 167,677.90
C) $35,481.80\$ 35,481.80
D) $36,134.30\$ 36,134.30

Correct Answer:

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