For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment. Group of answer choices $152,494.55 $21,724.65 $159,058.07 $430,616.15

For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment. Group of answer choices $152,494.55 $21,724.65 $159,058.07 $430,616.15

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment.

Group of answer choices

$152,494.55

$21,724.65

$159,058.07

$430,616.15

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