Multiple Choice
Margaret plans to deposit $500 on the first day of each of the next five years,beginning today.If she earns 4% compounded annually,how much will she have at the end of five years?
A) $2,708.16
B) $2,816.49
C) $3,041.63
D) $1,560.80
E) $2,041.63
Correct Answer:
Verified
Correct Answer:
Verified
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