Assume That $450 Is Deposited at the End of Each

question 231

Multiple Choice

Assume that $450 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 5.5%.Find the accumulated amount after 14 years.Round to the nearest cent.

• A)$9,096.66
• B)$9,157.76
• C)$9,144.71
• D)$9,171.96
• E)$9,131.66

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