Question

If you invest $2,000 per year for 9 years and earn a 5% return on your...

If you invest $2,000 per year for 9 years and earn a 5% return on your investment during that period, how much will you have accumulated by the end of the nine-year period?

(a) $2,000

(b) $11,970

(c) $18,000

(d) $22,054

(e) $30,000

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Answer #1

The Correct answer is ''Option (d) $22,054

Explanation below:-

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