You Deposit $1,000 Today in a Savings Account That Pays

question 29

Multiple Choice

You deposit $1,000 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)$2,245.08
• B)$2,363.24
• C)$2,481.41
• D)$2,605.48
• E)$2,735.75

---

Definitions:

Review

The process of examining something with the possibility of making changes based on the assessment.

Situation

A set of circumstances or a state of affairs at a particular time or in a particular place.

Proposed Solution

A suggested plan or method to solve a problem or address a challenge, often presented in a formal context.

Close

The final part of a communication or document that summarizes the main points or provides a conclusion.