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U Do It Centers Deposited $3,200 in an Account Two

Question 30

Multiple Choice

U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today.A final deposit of $3,500 will be made one year from now.What will the account balance be three years from now if the account pays 4.85 percent interest,compounded annually?


A) $13,033.95
B) $13,430.84
C) $12,431.05
D) $14,328.90
E) $13,666.10

Correct Answer:

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