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) $1,239.26
B) $1,245.46
C) $1,227.56
D) $1,231.26
E) $1242.36
Correct Answer:
Verified
Correct Answer:
Verified
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