John Deposited $2,000, at the END of Every Month for 2

question 69

Multiple Choice

John deposited $2,000, at the END of every month for 2 years in a savings account. If the account paid 6% interest, compounded monthly, use Table 12-1 from your text to find the future value of his account.

• A) $53,374.40
• B) $44,320.00
• C) $50,320.10
• D) $50,863.92