Multiple Choice
You wish to make a substantial down payment on a lake cottage and you currently have $18,325 invested at an annual rate of 4.75%.How much money will be in the account in 2.5 years if it continues to earn at its present rate?
A) $18,325
B) $19,464
C) $20,579
D) $20,605
Correct Answer:
Verified
Correct Answer:
Verified
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