If You Put $510 in a Savings Account at the Beginning

question 30

Multiple Choice

If you put $510 in a savings account at the beginning of each year for 30 years, how much money will be in the account at the end of the 30th year? Assume that the account earns 5%, and round to the nearest $100.

• A) $33,300
• B) $32,300
• C) $33,900
• D) None of the above