Multiple Choice
Jack and Jill are saving for a house. How much will they have saved if they make 8 deposits of $5,000 each (one at the end of each year) into an account that earns 4% interest compounded annually?
A) $51,169.86
B) $63,732.74
C) $46,071.15
D) $49,506.11
Correct Answer:
Verified
Correct Answer:
Verified
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