Solved

Use the Following 8% Interest Factors for Questions

Question 127

Multiple Choice

Use the following 8% interest factors for questions . Use the following 8% interest factors for questions . -If $10,000 is deposited annually starting on January 1, 2015 and it earns 8%, what will the balance be on December 31, 2022? A) $89,228 B) $96,366 C) $106,366 D) $114,876
-If $10,000 is deposited annually starting on January 1, 2015 and it earns 8%, what will the balance be on December 31, 2022?


A) $89,228
B) $96,366
C) $106,366
D) $114,876

Correct Answer:

verifed

Verified

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

Related Questions

Q46: What is the present value today of

Q96: The future value of an annuity due

Q112: Which of the following tables would show

Q114: The future value of an ordinary annuity

Q122: Garretson Corporation will receive $15,000 today (January

Q126: Use the following 8% interest factors for

Q128: On July 1, 2015, Ed Wynne signed

Q131: Which table would show the largest factor

Q132: An accountant wishes to find the present

Q132: Pearson Corporation makes an investment today (January