At Age 25,Julie Invests $2,000 at an Average Rate of Return

question 59

Multiple Choice

At age 25,Julie invests $2,000 at an average rate of return of 6 percent.Approximately how much will Julie have by the time she is 65?

• A)$10,000
• B)$100,000
• C)$250,000
• D)$309,000
• E)$486,000