Assume That $200 Is Deposited at the End of Each

question 24

Multiple Choice

Assume that $200 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 4.5%.Find the accumulated amount after 14 years.Round to the nearest cent.

• A)$3,814.02
• B)$3,786.42
• C)$3,750.12
• D)$3,800.22
• E)$3,819.92

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