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A Deposit of $1000 Is Made in an Account That

Question 66

Multiple Choice

A deposit of $1000 is made in an account that earns 4% interest compounded monthly.The balance in the account after n months is given by A deposit of $1000 is made in an account that earns 4% interest compounded monthly.The balance in the account after n months is given by Find the balance in the account after 12 years by finding the 144th term of the sequence.Round to the nearest penny. A) $283,661.80 B) $1614.78 C) $1609.42 D) $144,480.00 E) $1620.17 Find the balance in the account after 12 years by finding the 144th term of the sequence.Round to the nearest penny.


A) $283,661.80
B) $1614.78
C) $1609.42
D) $144,480.00
E) $1620.17

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