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On January 1, 2014, Kline Company Decided to Begin Accumulating

Question 142

Multiple Choice

On January 1, 2014, Kline Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $50,000 at 9% each January 1 beginning in 2014. What will be the balance in the fund, on January 1, 2019 (one year after the last deposit) ? The following 9% interest factors may be used.Present Value of Future Value of On January 1, 2014, Kline Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $50,000 at 9% each January 1 beginning in 2014. What will be the balance in the fund, on January 1, 2019 (one year after the last deposit) ? The following 9% interest factors may be used.Present Value of Future Value of A) $326,165 B) $299,235 C) $272,500 D) $250,000


A) $326,165
B) $299,235
C) $272,500
D) $250,000

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