If for the next 40 years you place $3,000 in equal year-end-deposits into an account earning 8% per year, how much money will be in the account at the end of that time period?
A) $120,000.00
B) $777,169.56
C) $839,343.12
D) $2,606,942.58
Answer: B
Explanation: B) FV = PMT × = $3,000 × = $777,169.56.
MODE = END
INPUT 40 8 0 -3,000 ?
KEY N I/Y PV PMT FV
CPT 777,169.56
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