For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment. Group of answer choices $152,494.55 $21,724.65 $159,058.07 $430,616.15
For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment. Group of answer choices $152,494.55 $21,724.65 $159,058.07 $430,616.15
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Question
For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest. Determine how much total interest you earned from this investment.
Group of answer choices
$152,494.55
$21,724.65
$159,058.07
$430,616.15
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