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

question 28

Multiple Choice

Calculate the amount of money that must be deposited at the end of every month into an account paying 12% compounded annually to accumulate to $100 000.00 in ten years.

• A) $434.71
• B) $450.59
• C) $833.33
• D) $45.06
• E) $416.67

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