7
QuizMultiple Choice

Annuities

Question 7 • FL-2102373-Personal Finance and Money Management Honors

$765.13 is deposited at the end 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.$18,911.18b.$19,873.08c.$20,638.21d.$21,403.34

Answer
A
A
B
B
C
C
D
D
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$765.13 is deposited at the end of each month…