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On May 25,1980 Three Pals Graduated from High School,pooled Together

Question 92

Multiple Choice

On May 25,1980 three pals graduated from high school,pooled together $3,000 and put the money into an account promising to pay 8% for the next 30 years.On May 25,2010 they withdrew all the money from the account.To the nearest dollar,how much did they withdraw?


A) $25,962
B) $27,297
C) $30,188
D) None of the above are correct to the nearest dollar.

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