HELP How much can you accumulate in a savings plan if your annual year-end deposit is $500, and you earn 6% annual interest for 8 years? S = p times 1 + r quantity to the n power minus 1 all over r A.

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asked Mar 11, 2018 136k views

5 votes

HELP

How much can you accumulate in a savings plan if your annual year-end deposit is $500, and you earn 6% annual interest for 8 years?
S = p times 1 + r quantity to the n power minus 1 all over r
A. $7,265.40
B. $12,265.40
C. $4,948.73
D. $14,265.40