Deposit $500 Today in a Savings Account That Pays 3

question 40

Multiple Choice

deposit $500 today in a savings account that pays 3.5% interest, compounded annually.How much will your account be worth at the end of 25 years?

• A)$1,122.54
• B)$1,181.62
• C)$1,240.70
• D)$1,302.74
• E)$1,367.88

---

Definitions:

Allophones

Individuals whose first language is neither English nor French, referring to the linguistic diversity in countries like Canada.

Postsecondary Education

Education that occurs after high school, including programs at colleges, universities, and vocational schools.

Female Participation

The involvement of women in various activities, sectors, or fields, reflecting their engagement in societal, economic, or political areas.

September 1969

A specific point in time, marked by events that occurred during the month of September in the year 1969.