Solved

You Deposit $500 Today in a Savings Account That Pays

Question 67

Multiple Choice

You deposit $500 today in a savings account that pays 6% interest,compounded annually.How much will your account be worth at the end of 20 years?


A) $1,539.43
B) $1,747.89
C) $1,908.25
D) $1,699.78
E) $1,603.57

Correct Answer:

verifed

Verified

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

Related Questions