Tamika opened a money market account that has a 4.25% annual interest rate, compounded annually. She deposits $1,750 into the account each year. How much interest will the account earn after 15 years?

$9,449.40

$33,949.40

$35,699.40

$71,398.40

Question

Rigoberto Riddle

6 May, 07:07

+3

Answers (1)

Know the Answer?

Mendez · Answer 1

It would be $9449.40 the interest rate is too small for it to be any of the others

Tamika opened a money market account that has a 4.25% annual interest rate, compounded annually. She deposits $1,750 into the account each year. How much interest will the account earn after 15 years? $9,449.40$33,949.40$35,699.40$71,398.40