Juanita has $100 deducted from her paycheck at the end of each month and put into a savings account earning 11% interest compounded monthly. She continues these deposits for five years. How much is the account worth at the end of the five years?
A) $7952
B) $9827
C) $10,450
D) $11,150

Question

Quizplus · Accepted Answer

The Answer of Juanita has $100 deducted from her paycheck at the end of each month and put into a savings account earning 11% interest compounded monthly. She continues these deposits for five years. How much is the account worth at the end of the five years?
A) $7952
B) $9827
C) $10,450
D) $11,150

Juanita Has $100 Deducted from Her Paycheck at the End