Find the Amount Accumulated in the Increasing Annuity of $200

Multiple Choice

Find the amount accumulated in the increasing annuity of $200 deposited monthly for 5 years at 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​

A) $92,929.34
B) $24,720.00
C) $12,929.34
D) $4,646.47
E) $1,292.93