Mathematics

29 March, 14:25

To save for a car when he turns 18, Pascale deposited $500 each year into a savings account with a 7.5% interest rate compounded annually. Using the formula, what is the value of the account at the end of the fifth year?

$3,071.92

$3,122.00

$3,851.77

$4,140.65

+2

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