Multiple Choice
Assume that $800 is deposited in an account in which interest is compounded annually at a rate of 5%. Find the accumulated amount after 11 years rounded to the nearest cent.
A) $1,768.27
B) $1,368.27
C) $1,268.27
D) $1,468.27
E) $1,318.27
Correct Answer:
Verified
Correct Answer:
Verified
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