Question: 13) How much will a $50 deposit made today be worth in 20 years if interest is compounded monthly at an annual interest rate of

13)

How much will a $50 deposit made today be worth in 20 years if interest is compounded monthly at an annual interest rate of 10 percent?

Select one:

a. $366.40

b. $336.38

c. $309.59

d. $150.00

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