Assume That $350 Is Deposited at the End of Each

Multiple Choice

Assume that $350 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 14 years.Round to the nearest cent.

A) $7,866.57
B) $7,905.67
C) $7,892.67
D) $7,918.67
E) $7,915.62