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QuizMultiple Choice

Topic Test

Question 2 • FT GMS AMDM B IC – 72

You put $350 per month in an investment plan that pays an APR of 3.5% compounded monthly. How much will you have after 18 years? Compare this amount to the total deposits made over the time period. Assume an ordinary annuity. a. $103,626.30; $76,500 c. $106,626.33; $75,600 b. $105,106.76; $75,600 d. $107.106; $76,500 Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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