If $750 is deposited into a savings account at an annual interest rate of 4% that compounds monthly, what is the value of the investment after 6 years?	Select
A) $950.00  B) $953.03  C) $973.25  D) $900.25  E) $910.00
Using CI Formula:   A=P(1+r/n)^n*t   A=750(1+4/6)^4*6   A=953.03   Option: $953.03
<result>B</result>
If $750 is deposited into a savings account at an annual interest rate of 4% that compounds monthly, what is the value of the investment after 6 years?