Multiple Choice
To pay for her college education,Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest.How much will Gina have in that account at the end of 8th year? (Round up to the nearest whole dollar amount)
A) $16,000
B) $17,920
C) $24,600
D) $27,552
Correct Answer:

Verified
Correct Answer:
Verified
Q6: You would like to buy a Harley
Q7: Janice would like to send her parents
Q8: Actively managed mutual funds charge higher management
Q9: You are offered a perpetuity that will
Q10: Margaret plans to deposit $500 on the
Q12: Jacquie plans to deposit $3,500 into her
Q13: You are saving for your child's university
Q14: Donna makes annual end of year payments
Q15: What is the rate of return on
Q16: An annuity in which payments are made