Assume That $250 Is Deposited at the End of Each

Multiple Choice

Assume that $250 is deposited at the end of each period in an account in which interest is compounded at the frequency k = 3, at an annual rate of 6%.Find the accumulated amount after 8 years.Round to the
Nearest cent.

A) $7,626.77
B) $7,580.90
C) $7,605.47
D) $7,556.32
E) $7,591.32