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How much will have in your account 4 years from now

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Reference no: EM132577919

1. Your aunt has just deposited $7,500 in a brokerage account as part of your graduation gift. You goal is to invest additional $5,500 at the end of each of the next 5 years. The brokerage account would earn 6.5% a year on your investments. How much will have in your account 4 years from now? How much will you have in the account at the end of 5 years?

a. $33,719; $40,987

b. $26,123; $33,321

c. $19,364; $26,123

d. $19,364; $20,212

e. $33,888; $41,591

Reference no: EM132577919

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