Multiple Choice
The stated interest rate on your account is 5% with interest compounded monthly.If you deposit $50 each month,how much will you have in your account in 5 years? (Use time value tables or financial calculator.)
A) $3,000
B) $3,050
C) $3,200
D) $3,400
E) $4,350
Correct Answer:
Verified
Correct Answer:
Verified
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