Silva Saves $100 at the End of Each Month and Deposits

question 93

Multiple Choice

Silva saves $100 at the end of each month and deposits the money in an account, paying 7.49% compounded semi-annually. How much of the accumulated amount is interest after 40 years?

• A) $291 872
• B) $243 872
• C) $299 531
• D) $251 531
• E) $253 521

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Definitions:

Pizza Hut Website

The online platform for the international pizza chain, offering menu information, ordering capabilities, and location services.

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