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A 10-year annuity-immediate makes monthly payments at a rate of $60 per year in the first year, $120 per year in the second year, $180

A 10-year annuity-immediate makes monthly payments at a rate of $60 per year in the first year, $120 per year in the second year, $180 per year in the third year, and so on. The nominal annual interest rate is 6% compounded monthly.

Calculate the accumulated value of the annuity at the end of 10 years.

A. 2256

B. 2267

C. 3884

D. 3993

E. 4105

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