Multiple Choice
Assume that $500 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 6 years.Round to the nearest cent.
A) $3,589.10
B) $3,597.55
C) $3,601.55
D) $3,576.65
E) $3,559.30
Correct Answer:
Verified
Correct Answer:
Verified
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