If you left $2,500 on deposit with a bank promising to pay you a 5 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:
A)$2,625
B)$11,467
C)$28,668
D)$328,750

Name: If you left $2,500 on deposit with a bank promising to pay you a 5 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately: A)$2,625 B)$11,467 C)$28,668 D)$328,750
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Question

Quizplus · Accepted Answer

The Answer is C

If You Left $2,500 on Deposit with a Bank Promising