Find the Amount Accumulated in the Increasing Annuity of $200

question 9

Multiple Choice

Find the amount accumulated in the increasing annuity of $200 deposited monthly for 5 years at 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​

• A)$92,929.34
• B) $24,720.00
• C) $12,929.34
• D) $4,646.47
• E) $1,292.93

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