Determine the worth of your account


You deposit $1,000 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

a) $2,245.08

b) $2,363.24

c) $2,481.41

d) $2,605.48

e) $2,735.75

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Accounting Basics: Determine the worth of your account
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