You Deposit $500 Today in a Savings Account That Pays

question 64

Multiple Choice

You deposit $500 today in a savings account that pays 6% interest,compounded annually.How much will your account be worth at the end of 40 years?

• A) $6,274.29
• B) $5,091.43
• C) $3,857.14
• D) $5,760.00
• E) $5,142.86

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