If $30000 Is Deposited in a Savings Account at the End

question 68

Multiple Choice

If $30000 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually what will be the balance of the account at the end of 10 years?

• A) $48867
• B) $315000
• C) $377337
• D) $450000

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Definitions:

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