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) $250,750
C) $11,467
D) $28,668
Correct Answer:
Verified
Q4: Bank C promises to pay a compound
Q6: Bank C promises to pay a compound
Q8: Growth in real GDP per capita has:
A)been
Q10: Over the period from 1870 to 2010,
Q11: Compound interest is:
A)the payment of interest on
Q13: Real GDP per person in both Alpha
Q14: Over the period from 1950 to 2010,
Q16: If real GDP per person were equal
Q17: If you left $2,500 on deposit with
Q20: If an economy maintains a small rate
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