Assume That $800 Is Deposited in an Account in Which

Multiple Choice

Assume that $800 is deposited in an account in which interest is compounded 8 times a year, at an annual rate of 6%.Find the accumulated amount after 2 years.Round your answer to the nearest cent.

A) $901.59
B) $1,201.59
C) $801.59
D) $851.59
E) $1,001.59