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    Principles of Managerial Finance
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    Exam 5: Time Value of Money
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    The Future Value of a $2,000 Annuity Due Deposited at 8
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The Future Value of a $2,000 Annuity Due Deposited at 8

Question 94

Question 94

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) $31,292.
C) $14,494.
D) $13,420.

Correct Answer:

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