Answer the Question. -You Put $422 Per Month in an Investment Plan That

Multiple Choice

Answer the question.
-You put $422 per month in an investment plan that pays an APR of 3%. How much money will you have after 25 years? Compare this amount to the total amount of deposits made over the time
Period.

A) $188,148.61; this is $82,648.61 more than the total amount of the deposits.
B) $188,215.30; this is $61,615.30 more than the total amount of the deposits.
C) $159,983.01; this is $61,615.30 more than the total amount of the deposits.
D) $188,282.05; this is $30,032.05 more than the total amount of the deposits.