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Memphic Memphic
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6 years ago
Since your first birthday, your grandparents have been depositing $1000 into a savings account on every one of your birthdays.  The account pays 4% interest annually.  Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to:
A) $25,645
B) $36,465
C) $12,659
D) $18,000
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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deusmarotodeusmaroto
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6 years ago
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Memphic Author
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6 years ago
Thank you, thank you, thank you!
kriggs62
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Brilliant ツ
54321abs
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2 hours ago
Correct Slight Smile TY
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