Multiple Choice
The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12 percent, is ________.
A) $35,098
B) $20,000
C) $39,310
D) $11,300
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q77: Janice borrows $25,000 from the bank at
Q78: You have been given a choice between
Q79: Detta borrows $20,000 from the bank. For
Q80: Mr. Jackson has been awarded a bonus
Q81: Aunt Butch borrows $19,500 from the bank
Q83: Calculate the present value of an annuity
Q84: Xiao Li wishes to accumulate $50,000 by
Q85: The present value of $100 received at
Q86: A lottery administrator has just completed the
Q87: You have been offered a project paying