Calculate the Amount of Money That Must Be Deposited at the End

question 7

Multiple Choice

Calculate the amount of money that must be deposited at the end of every three months into an account paying 6% compounded monthly to accumulate to $12 500.00 in ten years.

• A) $293.75
• B) $80.77
• C) $304.94
• D) $229.97
• E) none of the above