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Use the Following Information to Answer the Question(s) Below

Question 2

Multiple Choice

Use the following information to answer the question(s) below.
Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.
-The amount of money that would be in the account is you left the money there until your 65th birthday is closest to:


A) $29,556
B) $148,780
C) $168,824
D) $748,932

Correct Answer:

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