Assume That $50 Is Deposited at the End of Each

Multiple Choice

Assume that $50 is deposited at the end of each period in an account in which interest is compounded at the frequency k = 12, at an annual rate of 9%.Find the accumulated amount after 3 years.Round to the
Nearest cent.

A) $2,033.84
B) $2,052.39
C) $2,057.64
D) $2,075.84
E) $2,047.14