Question
21. Your father invested a certain amount of his own money into a savings account on your name 30 years ago. The annual interest rate
21. Your father invested a certain amount of his own money into a savings account on your name 30 years ago. The annual interest rate is 4%. How much money did he initially save when you receive now 1,000,000?
A) Between 310,000 and 315,000.
B) More than 315,000.
C) Between 305,000 and 310,000.
D) Less than 305,000
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
