Solved

Tara Has $85 Deducted from Her Paycheck at the End

Question 5

Multiple Choice

Tara has $85 deducted from her paycheck at the end of each month and put into a savings account earning 9% interest compounded monthly. She continues these deposits for 10 years. Approximately how much is the account worth at the end of the 10 years?


A) $208
B) $2496
C) $16,450
D) $21,150

Correct Answer:

verifed

Verified

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

Related Questions