Your bank offers a savings account that pays 3.5% interest, compounded annually.If you invest $1, 000 in the account, then how much will it be worth at the end of 25 years?
A) $2, 245.08
B) $2, 363.24
C) $2, 481.41
D) $2, 605.48
E) $2, 735.75
Correct Answer:
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