menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Managerial Finance
  4. Exam
    Exam 5: Time Value of Money
  5. Question
    The Future Value of a $2,000 Annuity Due Deposited at 8
Solved

The Future Value of a $2,000 Annuity Due Deposited at 8

Question 2

Question 2

Multiple Choice

The future value of a $2,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is ________.


A) $28,974
B) $31,291
C) $14,494
D) $13,420

Correct Answer:

verifed

Verified

Related Questions

Q1: For any interest rate and for any

Q3: In general, with an amortized loan, the

Q4: A generous philanthropist plans to make a

Q5: Jia has just won a $20 million

Q6: The nominal and effective rates are equivalent

Q7: Hayley makes annual end-of-year payments of $6,260.96

Q8: Adam borrows $4,500 at 12 percent annually

Q9: The future value of a $10,000 annuity

Q10: When computing an interest or growth rate,

Q11: An ordinary annuity is an annuity in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines