You Have $2,000 Today in Your Savings Account

question 31

Multiple Choice

You have $2,000 today in your savings account.How long must you wait for your savings to be worth $4,500 if you are earning 1.25 percent interest, compounded annually?

• A)89.66 years
• B)62.78 years
• C)70.92 years
• D)67.98 years
• E)65.28 years

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The process of making information clear and more comprehensible by removing ambiguities or providing additional details.

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The understanding and consideration of the interests, preferences, and characteristics of the intended recipients or viewers of a communication or work.

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A feeling of tension, worry, or unease, typically about an imminent event or something with an uncertain outcome.

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