Multiple Choice
In three years you will begin receiving an annual payment of $600 that will be made for two years.If the annual interest rate is 12%,what will be the balance in your account at the end of the fourth year?
A) $2,025
B) $1,344
C) $1,272
D) $1,200
E) $1,260
Correct Answer:
Verified
Correct Answer:
Verified
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