Rueben Has a Finance Plan with the Furniture Store Where

Multiple Choice

Rueben has a finance plan with the furniture store where the $4,770 he spent accrues finance charges at an annual interest rate of 9.3% compounded monthly for 4 years before he starts to make payments. What will be the balance on the account when he begins making payments?

A) $6,909.63
B) $6,909.72
C) $6,909.60
D) $6,909.69
E) $6,909.66