Mathematics, 24.03.2021 07:50 jackydtb
An employee put $3,000.00 in a retirement account that offers 7% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years?
A. $1207.66
B. $1,050
C. $207.66
D. $407.66
explain please :(
Answers: 1
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An employee put $3,000.00 in a retirement account that offers 7% interest compounded annually. The e...
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