Ellen Now Has $125

question 83

Multiple Choice

Ellen now has $125.How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

• A) $205.83
• B) $216.67
• C) $228.07
• D) $240.08
• E) $252.08

---

Definitions:

Default

The failure to meet the legal obligations or conditions of a loan, such as not making the scheduled payments.

Invoice Date

The date on which an invoice is issued, indicating when the transaction occurred.

Credit Period

The duration during which a customer can defer payment for goods or services without incurring additional charges.