Multiple Choice
Assume that $1,000 is deposited in an account in which interest is compounded annually at a rate of 9%.Find the accumulated amount after 13 years.Round your answer to the nearest cent.
A) $2,965.80
B) $3,166.20
C) $3,315.82
D) $3,065.80
E) $3,565.83
Correct Answer:
Verified
Correct Answer:
Verified
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