Use this information to answer the following question. $$\begin{array} { | c | c | c | }
\hline \text { Periods } & \text { Future Value af } 11 \text { at } 12 \text { Percent } & \text { Future Value af Ordinary Annuity of } \
& & \text { \$1 at } 12 \text { Percent } \
\hline 1 & 1.120 & 1.000 \
\hline 2 & 1.254 & 2.120 \
\hline 3 & 1.405 & 3.374 \
\hline
\end{array}$$ If an accumulation of $6,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years?

Question

Use this information to answer the following question. $$\begin{array} { | c | c | c | } 
\hline \text { Periods } & \text { Future Value af } 11 \text { at } 12 \text { Percent } & \text { Future Value af Ordinary Annuity of } \
& & \text { \$1 at } 12 \text { Percent } \
\hline 1 & 1.120 & 1.000 \
\hline 2 & 1.254 & 2.120 \
\hline 3 & 1.405 & 3.374 \
\hline
\end{array}$$ If an accumulation of $6,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years?

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. $$\begin{array} { | c | c | c | } 
\hline \text { Periods } & \text { Future Value af } 11 \text { at } 12 \text { Percent } & \text { Future Value af Ordinary Annuity of } \
& & \text { \$1 at } 12 \text { Percent } \
\hline 1 & 1.120 & 1.000 \
\hline 2 & 1.254 & 2.120 \
\hline 3 & 1.405 & 3.374 \
\hline
\end{array}$$ If an accumulation of $6,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years?

Use This Information to Answer the Following Question If an Accumulation of $6,000 Is Desired at the End