You’ve decided to invest $2,000 in a retirement account. Assuming you can earn 8% on your...
You’ve decided to invest $2,000 in a retirement account. Assuming you can earn 8% on your investment, how much interest will you earn in the first full year of your investment?
Group of answer choices
$160
$2,060
$1,940
$250
Homework Answers
Answer
Interest amount =investment * interest rate
=2000*0.08
=$160
you earn in the first full year of your investment will $160
Option 1
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