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    Exam 13: Annuities and Sinking Funds
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    Jorgen Grace Made Deposits of $250 at the End of Each
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Jorgen Grace Made Deposits of $250 at the End of Each

Question 12

Question 12

Multiple Choice

Jorgen Grace made deposits of $250 at the end of each year for 12 years. The rate received was 6% annually. What is the value of the investment after 12 years?


A) $2,028
B) $3,000
C) $4,217.48
D) $4,200
E) None of these

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