Find the Amount Accumulated in the Increasing Annuity of $150

question 95

Multiple Choice

Find the amount accumulated in the increasing annuity of $150 deposited monthly for 15 years at 5% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​

• A)$4,755.83
• B) $40,093.34
• C) $7,609.33
• D) $76,093.34
• E) $18,900.00

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