Multiple Choice
Assume that $500 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 12 years.Round to the nearest cent.
A) $9,488.56
B) $8,065.28
C) $9,988.56
D) $6,291.99
E) $6,641.99
Correct Answer:
Verified
Correct Answer:
Verified
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