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Your bank offers a savings account that pays 3.75% interest, compounded annually. How much will $500 invested today be worth at the end of 25
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Your bank offers a savings account that pays 3.75% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?
a. $1,302.74
b. $1,181.62
c. $1,367.88
d. $1,122.54
e. $1,255.08
Your bank offers a savings account that pays 3.75% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?
a. | $1,302.74 | |
b. | $1,181.62 | |
c. | $1,367.88 | |
d. | $1,122.54 | |
e. | $1,255.08 |
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