menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
  5. Question
    Three Years Ago Dawn Put $1,200 into an Account Paying
Solved

Three Years Ago Dawn Put $1,200 into an Account Paying

Question 173

Question 173

Multiple Choice

Three years ago Dawn put $1,200 into an account paying 2 percent interest.How much is Dawn's account worth today?


A) $1,225.38
B) $1,248.48
C) $1,264.72
D) $1,273.45

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Happy Trails, a bicycle rental company, is

Q168: The concept of present value helps explain

Q170: What is the future value of $750

Q171: Two years ago Lenny put some money

Q172: If you put $250 into an account

Q174: Which of the following is the largest?<br>A)the

Q175: Which of the following concepts is most

Q176: If the interest rate is 4%,in which

Q177: Suppose you put $500 into a bank

Q178: Suppose the interest rate is 8 percent.Consider

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines