Multiple Choice
On January 1, 2016, Alex deposited $5,000 into a savings account that pays interest of 5 percent, compounded annually. If he makes no further deposits or withdrawals, how much will Alex have in his account on December 31, 2018 (3 years later) ?
A) $5,750.
B) $5,788.
C) $5,813.
D) $5,825.
Correct Answer:
Verified
Correct Answer:
Verified
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