Assume that $50 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 6 years.Round to the nearest cent.
A)$366.80
B)$416.80
C)$516.80
D)$216.80
E)none of the above

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The Answer of Assume that $50 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 6 years.Round to the nearest cent.
A)$366.80
B)$416.80
C)$516.80
D)$216.80
E)none of the above

Assume That $50 Is Deposited at the End of Each