Multiple Choice
Angelina has planned to start her college education four years from now. To pay for her college education, she has decided to save $1,000 each quarter for the next four years in a bank account paying 12 percent interest. How much will she have at the end of the fourth year?
A) $1,574
B) $19,116
C) $20,157
D) $16,000
Correct Answer:

Verified
Correct Answer:
Verified
Q83: An ordinary annuity exists when the equal
Q84: You put $2,000 in an IRA account
Q85: A venture capitalist usually will invest in
Q86: When the annual interest rate stays the
Q87: The rate of interest actually paid or
Q89: The future value of a $100 annuity
Q90: What is the highest effective rate attainable
Q91: A(n) _ is a series of equal
Q92: At very high interest rates the "Rule
Q93: Level cash flow amounts that occur at