If you put $10 in a savings account at the beginning of each month for
If you put $10 in a savings account at the beginning of each month for 15 years, how much money
will be in the account at the end of the 10th year? Assume that the account earns 12% compounded
monthly and round to the nearest $1.
A) $5,046 B) $3,485 C) $2,323 D) $1,200
ANSWER
A
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