Question
You are considering putting$2,500in a savings account that pays12percent in interest each year. You plan to leave the money in the account until you retire
You are considering putting$2,500in a savings account that pays12percent in interest each year. You plan to leave the money in the account until you retire in 40 years.
What will your account be worth when you retire in 40 years?
A) $232,627.43
B) $3,903.68
C) $220,996.05
D) $244,258.80
E) $241,932.52
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
