Multiple Choice
Your parents just gave you a gift of $15,000. You are investing this money for 12 years at 5 percent simple interest. How much money will you have at the end of the 12 years?
A) $15,750
B) $16,000
C) $17,375
D) $24,000
E) $26,938
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Jamie earned $180 in interest on her
Q24: Today, Tony is investing $16,000 at 6.5
Q25: You have been told that you need
Q27: Thirteen years ago, you deposited $2,400 into
Q29: Six years from now, you will be
Q33: Which one of the following will increase
Q41: Sixty years ago,your grandparents opened two savings
Q54: The present value of a lump-sum future
Q58: Jenny needs to borrow $16,000 for 3
Q67: Ben invested $5,000 twenty years ago with