You deposit $1,000 in an account today. You will deposit $600 at the end of each month for the next 12 months and $800 each month for the following 12 months. How much interest will you have
Earned in two years if the account pays 5.5% compounded monthly?
A) $795.42
B) $827.65
C) $849.42
D) $962.57
E) $979.00
Correct Answer:
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A)
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