Multiple Choice
Assume that $100 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 10%.Find the accumulated amount after 4 years.Round to the nearest cent.
A) $464.10
B) $614.10
C) $364.10
D) $564.10
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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