Multiple Choice
On your first through fifth birthdays your parents placed $2,000 into your college fund (five total deposits of $2,000 each) .The account has earned an average of 8.0% per year until today,your twentieth birthday.How much money is in the account today?
A) $11,733.20
B) $37,219.70
C) $12,671.86
D) $25,383.41
Correct Answer:
Verified
Correct Answer:
Verified
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