Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q4: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q5: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q6: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q7: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q9: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q10: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q11: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q12: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present
Q13: Present Value of 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2412/.jpg" alt="Present