Multiple Choice
Tanya invested $1000 in a tax-sheltered annuity that pays 9% annual interest compounded monthly. Find the value of her investment after 5 years. Round your answer to the nearest cent.
A) $626.27
B) $1007.50
C) $939.41
D) $1565.68
E) $1038.07
Correct Answer:
Verified
Correct Answer:
Verified
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