22
QuizMultiple Choice

Home Ownership — Cumulative exam

Question 22 • Financial Math - MA2007

Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?a.$2,524.50b.$4,024.03c.$4,250.00d.$11,404.88

Answer
A
A
B
B
C
C
D
D
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Trevor has an investment worth $6,774.50. He…