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Questions and Answers
What is the interest rate for the account?
What is the interest rate for the account?
- 5.5%
- 7.2%
- 6.5%
- 6.8% (correct)
How often is the interest compounded for this account?
How often is the interest compounded for this account?
- Semi-annually
- Annually
- Quarterly (correct)
- Monthly
What is the time period for the investment to reach $6,500?
What is the time period for the investment to reach $6,500?
- 15 years
- 25 years
- 18 years
- 20 years (correct)
