Multiple Choice
Imagine that two years ago you inherited $20,000 and put it into an account paying a fixed 8 percent annual interest rate.How much money do you have in your account now?
A) $22,880.00
B) $23,200.00
C) $23,232.00
D) $23,328.00
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q180: If you presently have $50,000 saved and
Q181: The future value of a deposit in
Q182: Suppose you put $500 into a bank
Q183: What is the future value of $450
Q184: Suppose you will receive $800 in two
Q186: You are better off choosing $100 today
Q187: What is the present value of a
Q188: What is the present value of a
Q189: Amelia knows that she has about $105
Q190: Which,if any,of the present values below are