ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Jimmy invested $200 in a retirement account that had a rate of 20% that compounds annually. If Jimmy leaves his money puts the money in when he is 24 and takes it out when he is 64, how much money will be in his account rounded to the nearest dollar?
|
|
$29395
|
|
|
$293954.31
|
|
|
$293954
|
|
|
None of the above
|
Explanation:
There is 1 question to complete.