Multiple Choice
Solve the problem.
-Lonnie deposits $100 each month into an account paying annual interest of 7% compounded monthly. How much will his account have in it at the end of 10 years? Round to the nearest dollar.
A) $17,437
B) $1382
C) $17,308
D) $17,154
Correct Answer:
Verified
Correct Answer:
Verified
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