Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually. The value of Ted's annuity at the end of eight years is (use the tables in the handbook) :
A) $5,318.30
B) $4,318.30
C) $2,837.03
D) $2,873.30
E) None of these
Correct Answer:
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