Quiz 7
Authored by Nam Nguyen
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2 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your small business has a cash reserve of about $200,000. earning 2% annual interest. How much will that be worth in 3 years?
206000
221000
216000
212000
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You want $1,000,000 in your retirement account in 50 years. If you account grows at an annual rate of 4%, how much would you have to deposit today to reach $1 million in 50 years?
601000
101000
141000
181000
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