Multiple Choice
Assume that $1,500 is deposited in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 14 years rounded to the nearest cent.
A) $4,805.79
B) $4,505.79
C) $4,355.79
D) $4,305.79
E) $4,405.79
Correct Answer:
Verified
Correct Answer:
Verified
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