Solved

The Table Shows a Series of Deposits at Different Dates

Question 103

Multiple Choice

The table shows a series of deposits at different dates into a savings account.If the account pays 10.5% interest (compounded annually) ,what is their future value at year 6?
The table shows a series of deposits at different dates into a savings account.If the account pays 10.5% interest (compounded annually) ,what is their future value at year 6? A) $109,477.35 B) $99,074.53 C) $75,000.00 D) $107,569.55 E) $97,790.50


A) $109,477.35
B) $99,074.53
C) $75,000.00
D) $107,569.55
E) $97,790.50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: In 1958 the average tuition for one

Q95: If the present value of a perpetual

Q96: What is the present value of $2,000

Q97: Penny just won the state lottery that

Q98: Suzanne has identified a project with the

Q99: You want to have $55,230 at the

Q100: In order to open up your new

Q102: You deposit $100 in a bank for

Q104: Henry purchased stock in Nortel Networks for

Q105: At 15% interest compounded annually,approximately how long