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Virty [35]
4 years ago
14

Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at t

he end of 25 years?a. $1,122.54b. $1,181.62c. $1,240.70d. $1,302.74e. $1,367.88
Business
1 answer:
Maksim231197 [3]4 years ago
6 0

Answer:

FV= $1,181.62

Explanation:

Giving the following information:

Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 500*(1+0.035)^25

FV= $1,181.62

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5 0
1 year ago
The primary purpose of parks and natural areas is for recreation and human use. true or false
Elena L [17]
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3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
Yuliya22 [10]
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3 0
3 years ago
Diminishing marginal product suggests that the marginal A. cost of an extra worker is unchanged. B. cost of an extra worker is l
MArishka [77]

Answer:

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Explanation:

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3 years ago
Which of the following is not one of the four types of analyses outlined in the text as a method for analyzing sales organizatio
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Answer:

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