Suppose an individual's retirement account with a balance of $165,000 is transferred to a new investment plan that pays 8% interest compounded annually. How much will the account be worth after 3 years? (Remember, the formula is A = P (1 + r) t.) A. $207,852 B. $224,481 C. $209,017 D. $192,456
Suppose your parents decide to invest $5,000 in gold. Their financial advisor anticipates that the value of gold will increase 17% every year for the next 15 years. How much would their investment be worth after 15 years? (Remember, the formula is A = P (1 + r) t.) A. $53,806
B. $61,652
C. $87,750
D. $52,694
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Home » Mathematics » Suppose an individual's retirement account with a balance of $165,000 is transferred to a new investment plan that pays 8% interest compounded annually. How much will the account be worth after 3 years? (Remember, the formula is A = P (1 + r) t.) A.