Assume That $150 Is Deposited at the End of Each

question 173

Multiple Choice

Assume that $150 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 7.5%.Find the accumulated amount after 12 years.Round to the nearest cent.

• A)$2,752.01
• B)$2,763.56
• C)$2,771.54
• D)$2,779.51
• E)$2,777.76

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