You have been depositing money at the end of each year into an account

You have been depositing money at the end of each year into an account drawing 8% interest.

What
is the balance in the account at the end of year four if you deposited the following amounts?
Year End of Year Deposit
1 $350
2 $500
3 $725
4 $400
A) $2,207 B) $2,384 C) $2,687 D) $1,622

 

 

ANSWER

A

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