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Questions and Answers
What is the future value of the $5000 deposits at the end of each year for 5 years at 6% annual interest?
What is the future value of the $5000 deposits at the end of each year for 5 years at 6% annual interest?
- $23,719.44
- $27,580.00
- $30,000.00
- $32,981.68 (correct)
What is the present value of the $5000 deposits at the beginning of each year for 5 years at 6% annual interest?
What is the present value of the $5000 deposits at the beginning of each year for 5 years at 6% annual interest?
- $27,580.00
- $32,981.68
- $23,719.44 (correct)
- $30,000.00
What is the future value of the $5000 deposits at the beginning of each year for 5 years at 6% annual interest?
What is the future value of the $5000 deposits at the beginning of each year for 5 years at 6% annual interest?
- $27,580.00
- $30,000.00
- $23,719.44
- $32,981.68 (correct)
