Use the Following 8% Interest Factors for Questions

Multiple Choice

Use the following 8% interest factors for questions .
-What will be the balance on September 1, 2021 in a fund which is accumulated by making $20,000 annual deposits each September 1 beginning in 2014, with the last deposit being made on September 1, 2021? The fund pays interest at 8% compounded annually.

A) $229,751
B) $178,456
C) $151,200
D) $114,932