You received a $1 savings account earning 5% on your 1st birthday. How much will you have in the account on your 40th birthday if you don't withdraw any money before then?
A) $5.89
B) $6.34
C) $6.70
D) $7.00
E) $7.04
Correct Answer:
Verified
Q94: Robin invested $10,000 in an account that
Q105: Cooper invests $6,500 in a savings account
Q107: An account paying annual compound interest was
Q108: You setup an educational savings plan that
Q110: An account paying annual compound interest was
Q111: Many economists view a 3% annual inflation
Q112: You will be receiving $2,500 from your
Q113: Faith invests $4,500 in an account that
Q115: Today, you earn a salary of $37,800.
Q117: Betty invests $500 in an account that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents