After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings fund that adds 4% each year, about how much will her savings account have after 15 years? For this question, ignore compounding and taxes, and assume Katy does not put additional money into savings. A) $185,000 B) $175,000 C) $200,000 $190,000

After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings fund that adds 4% each year, about how much will her savings account have after 15 years? For this question, ignore compounding and taxes, and assume Katy does not put additional money into savings. A) $185,000 B) $175,000 C) $200,000 $190,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 14P

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