Calculate the Accumulated Value of $1000

question 137

Multiple Choice

Calculate the accumulated value of $1000.00 at 8% compounded monthly for 12 years.

• A) $2603.39
• B) $1603.39
• C) $2600.39
• D) $2003.39
• E) $603.39

---

Definitions:

U.S. Literary Celebrity

An American author whose work has gained extensive public attention and fame, often resulting in their becoming a notable figure within the literary culture.

Washington Irving

An American author, essayist, biographer, and historian of the early 19th century known for works such as "The Legend of Sleepy Hollow" and "Rip Van Winkle."

Theater

A branch of performing arts that involves live performers, actors, or actresses, presenting a real or imagined event before a live audience in a specific place.