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Use the Following 8% Interest Factors for Questions

Question 51

Multiple Choice

Use the following 8% interest factors for questions . Use the following 8% interest factors for questions . -What will be the balance on September 1, 2018 in a fund which is accumulated by making $8,000 annual deposits each September 1 beginning in 2011, with the last deposit being made on September 1, 2018? The fund pays interest at 8% compounded annually. A) $85,093 B) $71,383 C) $60,480 D) $45,973
-What will be the balance on September 1, 2018 in a fund which is accumulated by making $8,000 annual deposits each September 1 beginning in 2011, with the last deposit being made on September 1, 2018? The fund pays interest at 8% compounded annually.


A) $85,093
B) $71,383
C) $60,480
D) $45,973

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