Q 13

A deposit of $1000 is made in an account that earns 4% interest compounded monthly.The balance in the account after n months is given by img Find the balance in the account after 12 years by finding the 144th term of the sequence.Round to the nearest penny. A) $283,661.80 B) $1614.78 C) $1609.42 D) $144,480.00 E) $1620.17

Multiple Choice