Use the Following Information to Answer the Question(s) Below

question 60

Multiple Choice

Use the following information to answer the question(s) below.
Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.
-The amount of money that would be in the account is you left the money there until your 65th birthday is closest to:

• A) $29,556
• B) $148,780
• C) $168,824
• D) $748,932

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Definitions:

Uniform Probate Code

A set of laws designed to simplify the probate process and standardize the distribution of an individual's estate across the United States.

Executor

A person appointed by a will to manage the estate of the deceased.

Administrator

An administrator is an individual or entity responsible for managing or overseeing the operations and tasks of an organization or estate, often in a legal or business context.

PepsiCo

A multinational food, snack, and beverage corporation that operates globally, known for products like Pepsi, Lays, and Gatorade.