Multiple Choice
$3,000 is deposited into an account paying 10% annually,to provide three annual withdrawals of $1,206.34 beginning in one year.How much remains in the account after the second payment has been withdrawn?
A) $1,326.97
B) $1,206.34
C) $1,096.69
D) $587.32
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Other things being equal,the more frequent the
Q22: What is the present value of your
Q24: Approximately how long must one wait (to
Q25: The present value of the following cash
Q29: The salesperson offers,"Buy this new car for
Q45: What is the APR on a loan
Q47: Nominal dollars refer to the amount of
Q67: When an investment pays only simple interest,
Q81: Your retirement account has a current balance
Q101: Given a set future value, which of