Assume that $450 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 5.5%.Find the accumulated amount after 14 years.Round to the nearest cent.
A)$9,096.66
B)$9,157.76
C)$9,144.71
D)$9,171.96
E)$9,131.66

Question

Quizplus · Accepted Answer

The Answer of Assume that $450 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 5.5%.Find the accumulated amount after 14 years.Round to the nearest cent.
A)$9,096.66
B)$9,157.76
C)$9,144.71
D)$9,171.96
E)$9,131.66

Assume That $450 Is Deposited at the End of Each