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Present and Future Value Tables of $1 at 3% Are

Question 70

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Present and future value tables of $1 at 3% are presented below:
Present and future value tables of $1 at 3% are presented below:   -Sondra deposits $2,000 in an IRA account on April 15, 2018. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2028? A)  $20,600. B)  $20,928. C)  $23,616. D)  $24,715.
-Sondra deposits $2,000 in an IRA account on April 15, 2018. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2028?


A) $20,600.
B) $20,928.
C) $23,616.
D) $24,715.

Correct Answer:

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