If $49000 Is Invested at an Interest Rate of 2

question 96

Multiple Choice

If $49000 is invested at an interest rate of 2.5% per year find the amount of the investment at the end of 20 years if the money is compounded monthly. Round to the nearest hundredth.

• A) $50239.13
• B) $49000
• C) $80292.21
• D) $80745.33
• E) $51082.58

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Definitions:

Pulse Rate

The number of heartbeats per minute, indicating the heart's health and efficiency.

Carotid Pulse

The palpable beat of the carotid artery, located on either side of the neck, which can be used to measure heart rate.

Diastole

The relaxation phase of the heartbeat; the period of least pressure.

Systole

The contraction phase of the heart; the greatest amount of blood pressure.