If,at the age of 21,you put $1,000 in a bank account promising to pay 7% annual compound interest and you make no withdrawals,how much will be in the account 45 years later when you retire at age 66?
A) $3,752.
B) $13,765.
C) $21,002.
D) $46,794.
E) $86,962.
Correct Answer:
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