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
    If You Deposit $900 into an Account for Two Years
Solved

If You Deposit $900 into an Account for Two Years

Question 41

Question 41

Multiple Choice

If you deposit $900 into an account for two years and the interest rate is 4%,how much do you have at the end of the two years?


A) $972.00
B) $973.44
C) $974.19
D) None of the above is correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q23: Assuming the interest rate is 6 percent,

Q36: Cleo promises to pay Jacques $1,000 two

Q37: Your accountant tells you that if you

Q38: According to the rule of 70,if the

Q39: HydroGrow is considering building a new greenhouse

Q40: Jarrod says that the future value of

Q42: Compounding refers directly to<br>A)finding the present value

Q43: Which famous person referred to compounding as

Q45: Jorge deposited $1,000 into an account three

Q46: Which of the following is the correct

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