Multiple Choice
A home improvement firm has quoted a price of $9,800 to fix up Eric's backyard.Five years ago,Eric put $7,500 into a home improvement account that has earned an average of 5.25% per year.Does Eric have enough money in his account to pay for the backyard fix-up?
A) Yes;Eric now has exactly $9,800 in his home improvement account.
B) No;Eric has only $9,687 in his home improvement account.
C) Yes;Eric now has $10,519 in his home improvement account.
D) There is not enough information to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
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