Multiple Choice
Xiang invests $25,000 per year,starting today,for 20 years at an interest rate of 7%.What is the value of the investment at the end of the 20 years?
A) $1,096,629.42
B) $1,024,887.31
C) $283,389.88
D) $264,850.36
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: The interest earned on both the original
Q51: Amir has obtained a $250,000 mortgage.The mortgage
Q56: You have just obtained a $150,000 10-year
Q60: To compare interest rates, we should compare
Q64: Consider two investments: XPD and PDQ.Each investment
Q66: You won the lottery and you were
Q67: Your investment account pays interest at a
Q68: Which one of the following is/are an
Q73: How much should a weekly compounded account
Q81: ABC Bank offers a return of 9%