Ted Williams Made Deposits of $500 at the End of Each

Multiple Choice

Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually. The value of Ted's annuity at the end of eight years is (use the tables in the handbook) :

A) $5,318.30
B) $4,318.30
C) $2,837.03
D) $2,873.30
E) None of these