Multiple Choice
Helen's investment of $500 has grown, at a rate of 13% compounded annually, for 45 years. What is the value of her investment today?
A) $204,381
B) $129,667
C) $825
D) $82,592
E) $122,321
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Sam invested $3,000 at 3.5% compounded quarterly.
Q51: A financial institution is offering a 3-year
Q53: Henri has decided to purchase a $25,000
Q57: Payments of $5,000 and $7,000 are due
Q130: A loan of $5,000 is to be
Q162: Interest rates were at historical highs in
Q163: Superlotto offers a choice of $1,000 per
Q168: If the rate of inflation is expected
Q208: Krista invested $18,000 in a 3-year regular-interest
Q281: Given a periodic interest rate of 0.65%,