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Assume That $450 Is Deposited at the End of Each

Question 246

Multiple Choice

Assume that $450 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 8 years.Round to the nearest cent.


A) $2,890.99
B) $4,786.48
C) $3,988.74
D) $3,190.99
E) $5,236.48

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