Charter Has Been Contributing $900 at the End of Each

question 61

Multiple Choice

Charter has been contributing $900 at the end of each month for the past 15 months to a savings plan that earns 4% compounded monthly. What amount will he have one year from now, if he continues with the plan?

• A) $25 382.84
• B) $13 819.60
• C) $6898.05
• D) $12 669.42
• E) $13 500