Multiple Choice
Assume that $150 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 7.5%.Find the accumulated amount after 12 years.Round to the nearest cent.
A) $2,752.01
B) $2,763.56
C) $2,771.54
D) $2,779.51
E) $2,777.76
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q153: When Jim retires in 8 years, he
Q168: A woman would like to receive a
Q169: The Jepsens are buying a $21,500 car
Q170: Find the 4th term in the
Q171: What single amount deposited now into
Q172: Find the amount of each regular payment
Q174: How many license plates can be made
Q176: One bacterium divides into two bacteria every
Q177: Bank One offers a passbook account with
Q178: Evaluate the expression. <span class="ql-formula"