Multiple Choice
Consider a $500 deposit earning 5 percent interest per year for five years. How much total interest is earned on the original deposit (excluding interest earned on interest) ?
A) $13.14
B) $25.00
C) $125.00
D) $138.14
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q74: As the production manager of HPG, Inc.,
Q75: Your firm receives an offer from the
Q76: What is the value in year 6
Q77: A deposit of $500 earns the following
Q78: You deposit $10,000 in an account that
Q80: Assume you borrow $5,000 today and pay
Q81: How do you calculate the future value
Q82: Five years ago, Jane invested $5,000 and
Q83: What is the value in year 3
Q84: You deposit $20,000 in an account that