Belle invests $200 at the end of each year in a savings account which pays 5% annually. How much will Belle have at the end of 5 years?

A. $1,000.

B. $1,105.13.

C. $1,077.50.

D. $1,082.37.

B
200 × 5.52563 = $1,105.13

Business

You might also like to view...

Two major nonresponse issues in sampling are improving response rates and adjusting for nonresponse

Indicate whether the statement is true or false

Business

Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal?

A. Domestic strategy B. Global standardization strategy C. International strategy D. Transnational strategy E. Nationalization strategy

Business