On Your First Through Fifth Birthdays Your Parents Placed $2,000

question 94

Multiple Choice

On your first through fifth birthdays your parents placed $2,000 into your college fund (five total deposits of $2,000 each) .The account has earned an average of 8.0% per year until today,your twentieth birthday.How much money is in the account today?

• A)$11,733.20
• B)$37,219.70
• C)$12,671.86
• D)$25,383.41

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