Question

If a client invests $4,000 in a money market account and does not deposit or withdraw any money for the next 30 years, how much money will be in the account at the end of that 30 years?

A)$4,072.49

B)$6,831.14

C)$6,855.72

D)$7,0189.23

Answer 1

1.8%

Step-by-step explanation:(1.005
`(1.005^4)t1.018^t 1+r=1,018 r=0.018`)^t

Answer 2

$6855.72 is the correct answer