CourseFinancial Makets and Institutions

Choose the best answer from the given alternatives If you put $10 in a savings account at the end of each year for 11 years, how much money will be in the account at the end of the 11th year? Assume that thee account earns 1 1% per annum and round to the nearest dollar. A) $110 B) $121 C) $196 D) $62 E) $31