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This Morning You Invested Your Tax Refund of $2,220 at an Interest

Question 21

Multiple Choice

This morning you invested your tax refund of $2,220 at an interest rate of 4.8 percent,compounded annually.How much will this investment be worth 15 years from now?


A) $3,818.40
B) $2,175.57
C) $4,094.15
D) $4,485.10
E) $5,121.60 This morning you invested your tax refund of $2,220 at an interest rate of 4.8 percent,compounded annually.How much will this investment be worth 15 years from now? A) $3,818.40 B) $2,175.57 C) $4,094.15 D) $4,485.10 E) $5,121.60

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