Use the following 8% interest factors for questions .
-What will be the balance on September 1, 2021 in a fund which is accumulated by making $20,000 annual deposits each September 1 beginning in 2014, with the last deposit being made on September 1, 2021? The fund pays interest at 8% compounded annually.
A)$229,751
B)$178,456
C)$151,200
D)$114,932

Question

Use the following 8% interest factors for questions . 
-What will be the balance on September 1, 2021 in a fund which is accumulated by making $20,000 annual deposits each September 1 beginning in 2014, with the last deposit being made on September 1, 2021? The fund pays interest at 8% compounded annually.
A)$229,751 
B)$178,456 
C)$151,200 
D)$114,932

Quizplus · Accepted Answer

The Answer of Use the following 8% interest factors for questions . 
-What will be the balance on September 1, 2021 in a fund which is accumulated by making $20,000 annual deposits each September 1 beginning in 2014, with the last deposit being made on September 1, 2021? The fund pays interest at 8% compounded annually.
A)$229,751 
B)$178,456 
C)$151,200 
D)$114,932

Use the Following 8% Interest Factors for Questions