Assume that $400 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 8.5%.Find the accumulated amount after 5 years.Round to the nearest cent.
A)$2,384.60
B)$2,399.05
C)$2,370.15
D)$2,330.25
E)$2,351.80

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The Answer of Assume that $400 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 8.5%.Find the accumulated amount after 5 years.Round to the nearest cent.
A)$2,384.60
B)$2,399.05
C)$2,370.15
D)$2,330.25
E)$2,351.80

Assume That $400 Is Deposited at the End of Each