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Fred deposited $1,000 into an account that earns 2 percent, compounded annually. How much money will he have in 5 years? A. $1000 B. $1100 C. $1552 D. $1291 E. $1105

Fred deposited $1,000 into an account that earns 2 percent, compounded annually. How much money will he have in 5 years? A. $1000 B. $1100 C. $1552 D. $1291 E. $1105
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Fred deposited $1,000 into an account that earns 2 percent, compounded annually. How much money will he have in 5 years?

A.
$1000
B.
$1100
C.
$1552
D.
$1291
E.
$1105

User Keith Enlow
by
8.4k points

1 Answer

3 votes
i believe its c - $1552 but i could be wrong
User Bulat
by
9.1k points
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