Multiple Choice
For next year's vacation, the Phelps family is saving $100 each month in an account paying 7% annual interest, compounded monthly.How much will be available a year from now?
A) $1243.91
B) $1,229.26
C) $1,239.26
D) $1,248.56
E) $1,228.66
Correct Answer:
Verified
Correct Answer:
Verified
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