Benigno Deposited $1,000, at the END of Every Month for 3

question 33

Multiple Choice

Benigno deposited $1,000, at the END of every month for 3 years in a savings account. If the account paid 12% interest, compounded monthly, use Table 12-1 from your text to find the future value of his account.

• A) $3,374.40
• B) $4,320.00
• C) $40,320.00
• D) $43,076.88

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Definitions:

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Sunlit Layer

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