Question
Your bank offers a savings account that pays 4% interest, compounded monthly. How much will $1,000 invested today be worth at the end of 25
Your bank offers a savings account that pays 4% interest, compounded monthly. How much will $1,000 invested today be worth at the end of 25 years?
| a. | $2,691.59 | |
| b. | $2,713.77 | |
| c. | $2,718.13 | |
| d. | $2,704.81 | |
| e. | $2,665.84 |
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Finance And Economics Readings Selected Papers From Asia Pacific Conference On Economics And Finance 2017
Authors: Lee-Ming Tan , Evan Lau Poh Hock, Chor Foon Tang
1st Edition
9811081468,9811081476
