You Invested $2,000 at 5 Percent Compounded Annually

question 49

Multiple Choice

You invested $2,000 at 5 percent compounded annually.Determine the value of the investment in five years.(Round your answer to two decimals.)

• A) $500.00
• B) $552.56
• C) $2,500.00
• D) $2,552.56

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