Multiple Choice
How much would be in your savings account in 12 years if you deposited $1,500 today? Assume the bank pays 5% per year.
A) $2,387.12
B) $2,491.03
C) $2,693.78
D) $2,771.09
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Solving for Rates You invested $1,000 in
Q41: Assume you borrow $5,000 today and pay
Q42: An average home in Chicago costs $295,000.
Q43: What is the present value of a
Q46: Multi-Year Future Value How much would be
Q46: The longer money can earn interest,<br>A) the
Q47: Solving for Rates What annual rate of
Q50: Rule of 72 Approximately what interest rate
Q75: Solving for Time How many years will
Q121: The Rule of 72 is a simple