Assume that $1,500 is deposited in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 14 years rounded to the nearest cent.
A)$4,805.79
B)$4,505.79
C)$4,355.79
D)$4,305.79
E)$4,405.79

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The Answer of Assume that $1,500 is deposited in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 14 years rounded to the nearest cent.
A)$4,805.79
B)$4,505.79
C)$4,355.79
D)$4,305.79
E)$4,405.79

Assume That $1,500 Is Deposited in an Account in Which