Suppose there is no inflation,and the current interest rate is 5% per year.Sarah plans to open a savings account and deposit $100 annually for the next 14 years.At the end of the period,the balance of her savings account will be
A) 100(1.0514 - 1) .
B) 2000(1.0514 - 1) .
C) 2000(1.0512 - 1) .
D) 20(1.0512 - 1) .
Correct Answer:
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