Multiple Choice
Use the formula for the sum of a geometric sequence to solve the problem. After a sales clerk works six months, her employer will begin an annuity for her and will contribute $550 every six months to a fund that pays 6% annual interest. After she has been employed for three years, what will be the amount of the annuity? Round your answer to the nearest cent.
A) $3,554.62
B) $3,565.25
C) $3,557.63
D) $3,487.63
Correct Answer:
Verified
Correct Answer:
Verified
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