how much have you accumulated after 20 years?

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
Section: Chapter Questions
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QUESTION 1
If you set aside $1000 a year to be deposited into your saving which pays 5.5%, a) how much have you accumulated after 20 years?
O a. $42,472.0
Ob. $34,000.00
Oc. $34,925.8
Od. $35,925.6
Transcribed Image Text:QUESTION 1 If you set aside $1000 a year to be deposited into your saving which pays 5.5%, a) how much have you accumulated after 20 years? O a. $42,472.0 Ob. $34,000.00 Oc. $34,925.8 Od. $35,925.6
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