Assume that $500 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 6 years.Round to the nearest cent.
A)$3,589.10
B)$3,597.55
C)$3,601.55
D)$3,576.65
E)$3,559.30

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The Answer of Assume that $500 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 7%.Find the accumulated amount after 6 years.Round to the nearest cent.
A)$3,589.10
B)$3,597.55
C)$3,601.55
D)$3,576.65
E)$3,559.30

Assume That $500 Is Deposited at the End of Each