Find the amount accumulated in an increasing annuity in which $100 is deposited monthly for 20 years at 5% per year in an account containing $10,000 at the start. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
?
A. $68,229.77
B. $41,103.37
C. $51,172.33
D. $40,937.86
E. $27,537.44
Answer: A
Mathematics
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?
?
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