Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. on the day harry was born, his parents put $1,200

On the day Harry was born, his parents put $1,200 into an investment account that...

50.1K

Verified Solution

Question

Finance

On the day Harry was born, his parents put $1,200 into an investment account that promises to pay a fixed interest rate of 6 percent per year. How much money will Harry have in this account when he turns 18?

A.

$3,425

B.

$3,239

C.

$6,850

D.

$2,740

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

8.Landen Corporationuses a job-order costing system. At the beginning of the year, thecompany made...8.Landen...

Biology
1.2K views

QUESTION 1 If an organism has 24 tetrads, how many chromosomes will its gametes have? 12 24 6 48 QUESTION 3 In an...

Electrical Engineering
1.2K views

Edit the given program to produce the following output in c++ mode: - Take in the name...

Advance Math
1.2K views

your project status end of 10th day.Discuss the status of this project in terms of schedule...

Advance Math
1.2K views

Mortgage payments Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are...

General Management
1.2K views

1. Describe benefits of employing ERP for a company. 2. What two sources of capital make...

Biology
1.2K views

Which type s of microtubules undergo end polymerization during anaphase Select all that apply astral...

Biology
1.2K views

Which scientists are credited for the events described in the development of the cell theory?used...

Basic Math
1.2K views

Marissa and Kendra are 2 years apart in age Their ages are two consecutive even...

Accounting
1.2K views

Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation...

Accounting
1.2K views

The exporter is responsible for issuing a pro-forma invoice True False

Finance
1.2K views

A perpetulty pays $250 per year and interest rates are 70 percent. How much would...