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You have decided to invest money in an Individual Savings Account (ISA) at HSBC bank, who are ready to offer you a 0.55% annual interest
You have decided to invest money in an Individual Savings Account (ISA) at HSBC bank, who are ready to offer you a 0.55% annual interest rate which is paid monthly. Calculate the value of your investment in 8 years if your initial deposit is 2,500
A. | 3,752 | |
B. | 7,255 | |
C. | 2,612 | |
D. | 2,713 | |
E. | 2,840 |
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