$3,000 Is Deposited into an Account Paying 10 Percent Annually

question 128

Multiple Choice

$3,000 is deposited into an account paying 10 percent annually, to provide three annual withdrawals of $1,206.34 beginning in one year.How much remains in the account after the second payment has been withdrawn?

• A)$1,326.97
• B)$1,206.34
• C)$1,096.67
• D)$587.32

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