Multiple Choice
The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A) $8,960.00
B) $8,000.00
C) $8,240.00
D) $8,892.30
E) $8,487.20
Correct Answer:
Verified
Correct Answer:
Verified
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