Solved

Present Value of 1 Future Value of 1

Question 8

Multiple Choice

Present Value of 1 Present Value of 1   Future Value of 1   Present Value of an Annuity of 1   Future Value of an Annuity of 1   The Masterson family is setting up a vacation fund,and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest.What amount will they have available for their vacation at the end of 2 years? A) $8,000.00 B) $8,960.00 C) $8,892.30 D) $8,240.00 E) $8,487.20 Future Value of 1 Present Value of 1   Future Value of 1   Present Value of an Annuity of 1   Future Value of an Annuity of 1   The Masterson family is setting up a vacation fund,and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest.What amount will they have available for their vacation at the end of 2 years? A) $8,000.00 B) $8,960.00 C) $8,892.30 D) $8,240.00 E) $8,487.20 Present Value of an Annuity of 1 Present Value of 1   Future Value of 1   Present Value of an Annuity of 1   Future Value of an Annuity of 1   The Masterson family is setting up a vacation fund,and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest.What amount will they have available for their vacation at the end of 2 years? A) $8,000.00 B) $8,960.00 C) $8,892.30 D) $8,240.00 E) $8,487.20 Future Value of an Annuity of 1 Present Value of 1   Future Value of 1   Present Value of an Annuity of 1   Future Value of an Annuity of 1   The Masterson family is setting up a vacation fund,and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest.What amount will they have available for their vacation at the end of 2 years? A) $8,000.00 B) $8,960.00 C) $8,892.30 D) $8,240.00 E) $8,487.20 The Masterson family is setting up a vacation fund,and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest.What amount will they have available for their vacation at the end of 2 years?


A) $8,000.00
B) $8,960.00
C) $8,892.30
D) $8,240.00
E) $8,487.20

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions