You deposit $725 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 25 years? O $2,831.56 O $2,956.03 O $2,489.29 O $3,111.61 $3,236.07
You deposit $725 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 25 years? O $2,831.56 O $2,956.03 O $2,489.29 O $3,111.61 $3,236.07
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:You deposit $725 today in a savings account that pays 6% interest, compounded
annually. How much will your account be worth at the end of 25 years?
$2,831.56
O $2,956.03
O $2,489.29
O $3,111.61
O $3,236.07
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