Multiple Choice
Assume that $1,200 is deposited in an account in which interest is compounded annually at a rate of 5%.Find the accumulated amount after 10 years rounded to the nearest cent.
A) $1,854.67
B) $1,954.67
C) $1,904.67
D) $2,054.67
E) $2,354.67
Correct Answer:
Verified
Correct Answer:
Verified
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