If You Left $2,500 on Deposit with a Bank Promising

question 132

Multiple Choice

If you left $2,500 on deposit with a bank promising to pay you a 6 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:

• A)$2,800
• B)$18,420
• C)$46,050
• D)$250,750

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