Assume That $350 Is Deposited at the End of Each

Multiple Choice

Assume that $350 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 5 years.Round to the nearest cent.

A) $1,988.16
B) $2,033.96
C) $2,019.66
D) $2,026.56
E) $2,012.76