Multiple Choice
John deposits $2,000 per year at the end of the year for the next 20 years into an IRA account that pays 6%. How much will John have on deposit at the end of 20 years?
A) $67,520
B) $73,572
C) $81,990
D) $75,686
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q72: A wealthy inventor has decided to endow
Q73: Barbara borrows $4,500 at 12 percent annually
Q74: Carol is planning for her son's college
Q75: A loan that is repaid in equal
Q76: At a zero interest rate, the present
Q78: Consolidated Freightways is financing a new truck
Q79: George makes annual end-of-year payments of $5,043.71
Q80: The basic future and present value equations
Q81: The effective annual rate measures the true
Q82: The _ value of a savings or