Calculate the accumulated value after ten years of payments of $1000.00 made at the end of each year if interest is 6% compounded monthly.
A) $10 228.03
B) $13 285.11
C) $10 228.56
D) $10 600.00
E) $13 228.03
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Question
Calculate the accumulated value after ten years of payments of $1000.00 made at the end of each year if interest is 6% compounded monthly.
A) $10 228.03 B) $13 285.11 C) $10 228.56 D) $10 600.00 E) $13 228.03
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