question archive After several years of working, Katy has savings of $100,000

After several years of working, Katy has savings of $100,000

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After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a savings fund that adds 5% each year, about how much will her savings account have after 20 years? Ignore compounding and taxes, and assume Katy puts no additional money into savings.

A. $105,000

B. $120,000

C. $150,000

D. $200,000

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