Multiple Choice
Kristen deposits $5,000 in the bank at the end of each year for five years.How much money will she have in the bank at the end of five years,assuming she will be earning 6% interest annually on her deposits? (Round to the nearest dollar) .
A) $3,736
B) $6,691
C) $21,062
D) $28,186
Correct Answer:
Verified
Correct Answer:
Verified
Q50: An annuity is a series of consecutive
Q90: Pleasant Company has established a pension plan
Q122: A long-term note may be secured by
Q123: Zero coupon bonds do not pay interest
Q124: Bonds sold at a discount will have
Q125: The following table values are provided for
Q128: Redeemable bonds can be paid in cash
Q129: Goodgold Corporation purchased a machine which had
Q130: Companies which are investing heavily in fixed
Q131: On March 1,20A,Allen,Inc.,issued a $1,000,8%,five-year bond payable