Multiple Choice
Assume that $500 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 4.5%.Find the accumulated amount after 11 years.Round to the nearest cent.
A) $6,950.04
B) $6,941.74
C) $6,878.79
D) $6,935.32
E) $6,920.59
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q103: Select the right expression for the
Q104: Assume that $1,200 is deposited in an
Q105: If there are 5 class periods in
Q106: Bank One offers a passbook account with
Q107: Assume that the probability that an
Q109: Use the binomial theorem to expand
Q110: Assume that a survey of 258
Q111: Select the right expression for the
Q112: Find the amount of each regular payment
Q180: Assume that $1,100 is deposited in an