Assume That $350 Is Deposited at the End of Each

question 82

Multiple Choice

Assume that $350 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 14 years.Round to the nearest cent.

• A)$7,866.57
• B)$7,905.67
• C)$7,892.67
• D)$7,918.67
• E)$7,915.62

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