Solved

Use the Compound Interest Table to Solve the Following Problem $2400\$ 2400

Question 176

Multiple Choice

Use the compound interest table to solve the following problem.
-How much will you have in a savings account if you deposit $2400\$ 2400 for 4 years at 5.5%5.5 \% compounded annually?


A) $2973.12\$ 2973.12
B) $2818.08\$ 2818.08
C) $3136.80\$ 3136.80
D) $2928\$ 2928

Correct Answer:

verifed

Verified

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

Related Questions

Q171: Write each percent as a decimal

Q172: Write each fraction or mixed number

Q173: Find the amount of discount and the

Q174: Find the simple interest on each loan.<br>-Principal

Q175: Write each fraction or mixed number

Q177: Write each percent as a decimal and

Q178: Write each percent as a decimal

Q179: Solve each problem.<br>- <span class="ql-formula" data-value="90

Q180: Find the amount of discount and the

Q181: Use the compound interest table to