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Find the Compound Amount for the Deposit $1200\$ 1200 At 6%6 \%

Question 115

Multiple Choice

Find the compound amount for the deposit. Round to the nearest cent.
- $1200\$ 1200 at 6%6 \% compounded annually for 19 years


A) $3630.72\$ 3630.72
B) $3425.21\$ 3425.21
C) $2568.00\$ 2568.00
D) $2496.00\$ 2496.00

Correct Answer:

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