The future value of $50 deposited each year for 6 years earning 7 percent would be approximately: Use Exhibit 1-B.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount.)
A)$50
B)$300
C)$358
D)$371
E)$428

Question

The future value of $50 deposited each year for 6 years earning 7 percent would be approximately: Use Exhibit 1-B.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount.) 
A)$50 
B)$300 
C)$358 
D)$371 
E)$428

Quizplus · Accepted Answer

The Answer of The future value of $50 deposited each year for 6 years earning 7 percent would be approximately: Use Exhibit 1-B.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount.) 
A)$50 
B)$300 
C)$358 
D)$371 
E)$428

The Future Value of $50 Deposited Each Year for 6