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