Multiple Choice
Assume that $50 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 6 years.Round to the nearest cent.
A) $366.80
B) $416.80
C) $516.80
D) $216.80
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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