If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?

A) $112,125.40
B) $109,582.03
C) $110,250.00
D) $110,408.08

D) $110,408.08

Economics

You might also like to view...

The legal system based on common law derives from the experience of which country?

A) France B) England C) Germany D) Rome

Economics

Marginal productivity is

a. The total output associated with total inputs b. The total output associated with extra inputs c. The extra output associated with total inputs d. The extra output associated with extra inputs

Economics