Multiple Choice
If you put $2,000 in a savings account that yields 8% compounded semiannually,how much money will you have in the account in 20 years (rounded to nearest $10) ?
A) $6,789
B) $8,342
C) $9,602
D) $9,972
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q97: A car manufacturer offers either $2,000 cash
Q98: Joe borrowed $10,000 at 10% per year
Q99: You won the lottery and can receive
Q100: You just invested $50,000 into an account
Q101: Congratulations! You are the proud winner of
Q103: A bond will pay $5,000 at maturity
Q104: $10,000 invested at 10% per year for
Q105: If the future value of an annuity
Q106: Today is your 21st birthday and your
Q107: To evaluate or compare investment proposals,we must