Cameron Deposited $650 in an Account That Pays 4% Interest

Multiple Choice

Cameron deposited $650 in an account that pays 4% interest compounded annually. Write a sequence representing the amount Cameron receives in interest each year for the next 4 years. Round each term to the nearest cent.

A) $26.00, $52.00, $78.00, 104.00
B) $26.00, $52.00, $104.00, $208.00
C) $26.00, $27.04, $28.12, $29.25
D) $26.00, $27.04, $27.46, $27.62