Question

Tamika opened a money market account that has a 4.25% annual interest rate, compounded annually. She deposits $1,750 into the account each year. How much interest will the account earn after 15 years?

$9,449.40
$33,949.40
$35,699.40
$71,398.40

Answer 1

it would be $9449.40 the interest rate is too small for it to be any of the others