Multiple Choice
Molly Costner deposits $2,500 in her checking account today.Her checking account pays interest of 2.5% compounded annually.Assuming Molly does not withdraw any funds and does not deposit any additional funds,how much will be in her account in 25 years?
A) $4,096.54
B) $3,750.00
C) $4,102.52
D) $4,634.86
E) $4,062.50
Correct Answer:
Verified
Correct Answer:
Verified
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