Assume That $50 Is Deposited at the End of Each

question 181

Multiple Choice

Assume that $50 is deposited at the end of each period in an account in which interest is compounded at the frequency k = 12, at an annual rate of 9%.Find the accumulated amount after 3 years.Round to the
Nearest cent.

• A)$2,033.84
• B)$2,052.39
• C)$2,057.64
• D)$2,075.84
• E)$2,047.14

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Definitions:

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