Multiple Choice
Assuming an 8% interest rate,the dollar amount available on June 1,2016,resulting from 7 annual deposits of $3,500 each with the first deposit made on June 1,2010,is:
A) $18,222.40
B) $31,229.81
C) $41,988.10
D) $30,498.30
Correct Answer:
Verified
Correct Answer:
Verified
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