If $2,000 Is Invested in an Account with 5% Interest

question 119

Multiple Choice

If $2,000 is invested in an account with 5% interest compounding yearly, what will the balance of the account be after 6 years? Please refer to the following Future Value table:

• A)$1,340
• B)$2,680
• C)$2,676
• D)$2,432

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