menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Finance Study Set 2
  4. Exam
    Exam 5: Time Value of Money
  5. Question
    The Future Value of an Ordinary Annuity of $2,000 Each
Solved

The Future Value of an Ordinary Annuity of $2,000 Each

Question 49

Question 49

Multiple Choice

The future value of an ordinary annuity of $2,000 each year for 10 years,deposited at 12 percent,is ________.


A) $35,097
B) $12,656
C) $39,309
D) $11,300

Correct Answer:

verifed

Verified

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

Related Questions

Q4: A generous philanthropist plans to make a

Q50: The time value of money is based

Q51: The process of taking cash flow that

Q52: The future value of a dollar _

Q62: In general, with an amortized loan, the

Q64: Find the equal annual end-of-year payment on

Q66: Xiao Xin is planning to accumulate $40,000

Q125: Entertainer's Aid plans five annual colossal concerts,

Q128: Dorothy borrows $10,000 from the bank. For

Q151: The annual percentage yield (APY) is the

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