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Amortization - Question 5 | FT GMS AMDM B IC – 72 | Revolt
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FT GMS AMDM B IC – 72
Amortization
Question 5
5
Quiz
Multiple Choice
Amortization
Question 5 of 19 • FT GMS AMDM B IC – 72
$765.13 is deposited at the beginning of each month for 2 years in an account paying 12% interest compounded monthly. Find the amount of the account. Round your answer to the nearest cent.a.$18,911.18c.$20,844.59b.$19,873.08d.$21,403.34
Answer
A
A
B
B
C
C
D
D
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