Solved

You Deposit $500 Today in a Savings Account That Pays

Question 78

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 40 years?


A) $6,274.29
B) $5,091.43
C) $3,857.14
D) $5,760.00
E) $5,142.86

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents