Multiple Choice
To save for the replacement of a computer, a business deposits $300 at the end of each month into an account that earns 5% annual interest compounded monthly. Find the future value of the ordinary annuity in 4 years.
A) $15922.70
B) $15936.42
C) $15832.05
D) $15904.47
E) $15931.84
Correct Answer:
Verified
Correct Answer:
Verified
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