Ishvar Patel Is Going to Make 5 Annual Deposits of $4,500

question 5

Multiple Choice

Ishvar Patel is going to make 5 annual deposits of $4,500 each into a savings account beginning on July 1,2010.Assuming an interest rate of 6%,on July 1,2014,Ishvar's bank account will have a balance of:

• A)$28,521.90
• B)$30,608.55
• C)$18,955.80
• D)$25,366.92

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