Assume That $\$ 350$ Is Deposited at the End of Each Year into an Each

Multiple Choice

Assume that $\$ 350$ is deposited at the end of each year into an account in which interest is compounded annually at a rate of $8.5 \%$ . Find the accumulated amount after 3 years. Round to the nearest cent.

A) $1,106.38
B) $1,101.03
C) $1,164.63
D) $1,141.78
E) $1,187.48
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