How much will mark be able to save

Reference no: EM131502958

Mark is saving for new furniture and saving $200 at the beginning of each month. He can save at an annual rate of 5% compunded monthly for the next two years.

How much will Mark be able to save?

a. $4,971.16

b. $5058.17

c. $4890.08

d. $5001.30

Reference no: EM131502958

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