Sondra deposits $2,000 in an IRA account on April 15, 2009. Assume the account will earn 3%

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Sondra deposits $2,000 in an IRA account on April 15, 2009. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2019?

A. $20,600.

B. $20,728.

C. $23,616.

D. $24,715

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 15, 2012 04:41 AM

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Sondra deposits $2,000 in an IRA account on April 15, 2009. Assume the account will earn 3%

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Contemporary Business Mathematics with Canadian Applications

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