Al invested $7,200 in an account that pays 4 percent simple interest. How much money will he have at the end of five years?       A.     $8,710   B.     $8,056   C.     $8,640   D.     $8,678   E.     $8,299     please type to all of your work

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Al invested $7,200 in an account that pays 4 percent simple interest. How much money will he have at the end of five years?

 
 

 

A.  

 

$8,710

 

B.  

 

$8,056

 

C.  

 

$8,640

 

D.  

 

$8,678

 

E.  

 

$8,299

 

 

please type to all of your work

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