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Use This Information to Answer the Following Question A Deposit of $2,700 Made at the End of Each

Question 156

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Use this information to answer the following question.  Periods  Future Value af 11 at 12 Percent  Future Value af Ordinary Annuity of  $1 at 12 Percent 11.1201.00021.2542.12031.4053.374\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} A deposit of $2,700 made at the end of each year for three years would grow to how much?


A) $3,793.50
B) $9,109.80
C) $8,100.00
D) $9,072.00

Correct Answer:

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