Multiple Choice
You deposit $1,125 today in a savings account that pays 6% interest,compounded annually.How much will your account be worth at the end of 25 years?
A) $5,842.31
B) $4,876.64
C) $5,456.04
D) $4,828.35
E) $3,669.55
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: You have a chance to buy an
Q23: Bob has $2,500 invested in a bank
Q24: What's the future value of $1,950 after
Q25: Your aunt is about to retire,and she
Q28: Five years ago,Weed Go Inc.earned $2.30 per
Q30: Which of the following statements is CORRECT?<br>A)
Q30: Your aunt has $680,000 invested at 5.5%,and
Q31: What's the present value of a 4-year
Q105: Time lines can be constructed for annuities
Q123: If the discount (or interest) rate is