Multiple Choice
Juanita has $100 deducted from her paycheck at the end of each month and put into a savings account earning 11% interest compounded monthly. She continues these deposits for five years. How much is the account worth at the end of the five years?
A) $7952
B) $9827
C) $10,450
D) $11,150
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q83: You have $7000 that you invest at
Q84: Michael wants to make an investment that
Q85: What is the APY for 6.25% compounded
Q86: Karen made an investment with a 12%
Q87: In early 2002, the inflation rate was
Q89: Which of the following measures the rise
Q90: Brad wants to make an investment that
Q91: A man cuts back on his latte
Q92: What is the APY for 6% compounded
Q93: Kamel bought a house in 1982 for