When You Were Born, Your Parents Opened an Investment Account

Multiple Choice

When you were born, your parents opened an investment account in your name and deposited $1,500 into the account.The account has earned an average annual rate of return of 5.3percent.Today, the account is valued at $42,856.How old are you?

A) 71.47 years
B) 70.67 years
C) 61.08 years
D) 67.33 years
E) 64.91 years