Assume that $500 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 4.5%.Find the accumulated amount after 11 years.Round to the nearest cent.
A)$6,950.04
B)$6,941.74
C)$6,878.79
D)$6,935.32
E)$6,920.59

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The Answer of Assume that $500 is deposited at the end of each year into an account in which interest is compounded annually at a rate of 4.5%.Find the accumulated amount after 11 years.Round to the nearest cent.
A)$6,950.04
B)$6,941.74
C)$6,878.79
D)$6,935.32
E)$6,920.59

Assume That $500 Is Deposited at the End of Each