Assume That $800 Is Deposited in an Account in Which

Multiple Choice

Assume that $800 is deposited in an account in which interest is compounded annually at a rate of 9%. Find the accumulated amount after 11 years.Round your answer to the nearest cent.

A) $2,064.34
B) $1,964.34
C) $2,164.74
D) $2,564.37
E) $2,314.36