Assume That $100 Is Deposited at the End of Each

Multiple Choice

Assume that $100 is deposited at the end of each period in an account in which interest is compounded at the frequency k = 12, at an annual rate of 11%.Find the accumulated amount after 9 years.Round to
The nearest cent.

A) $18,317.72
B) $18,331.92
C) $18,296.20
D) $18,274.67
E) $18,285.12