![Calculation of Accumulated Value with Monthly Deposits and Interest Calculation of Accumulated Value with Monthly Deposits and Interest](https://easy-peasy.ai/cdn-cgi/image/quality=80,format=auto,width=700/https://fdczvxmwwjwpwbeeqcth.supabase.co/storage/v1/object/public/images/414b0ffb-b704-421b-90d4-384bb109c424/0b9f665b-765c-4cee-aca9-7d6159084761.png)
Accumulated Value Calculation: Deposits and Interest Scenario
Prompt
An illustrated diagram representing a financial scenario. A person is making a deposit of $850,000 into a financial institution, with a monthly interest rate of 1.3%, and additional monthly deposits of $250,000. Overlay the image with a multiple-choice question, asking about the accumulated value at the end of the year. The options are: a. $4,216,577; b. $4,670,135; c. $3,650,230; d. $3,545,345.
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