Tom started investing, as soon as he started his first job, at the rate of $400 per month as soon as get paid into a savings account that earns an interest of 1 % per month. Which of the folllowing expression may be used to determine the account value 10 years from now? Select one:
a. F [4,800(P/A, 12 % , 10 ) ) [(F/P, 12 % , 10) )
b. F 4001(P/A, 1 % , 120) (F/P, 12 % , 5) ]
c. F- [400/0.01] (F/P, 1 % , 60)
d. F 400(F/A, 1 % , 120)
e. None of the above
Answers: 2
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