Suppose You Deposit $1,000 Today in an Account That Pays

question 51

Multiple Choice

Suppose you deposit $1,000 today in an account that pays 5% interest at the end of each year. If you make no withdrawals, what is the balance in your account at the end of four years?
Round your answer to the nearest dollar.

• A)$1,200
• B)$1,216
• C)$1,020
• D)$1,050

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