Assume That $350 Is Deposited at the End of Each

Multiple Choice

Assume that $350 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 8.5%.Find the accumulated amount after 7 years.Round to the nearest cent.

A) $3,171.17
B) $3,131.37
C) $3,184.27
D) $3,154.72
E) $3,177.72