Georgia deposits $4,000 every three months for five years. The first deposit is made on March 31, 2016, and the last deposit is made on December 31, 2020. The fund earns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2020, immediately after her last deposit? Factors for future value of an annuity of $1 are
A) $123,876
B) $119,112
C) $110,034
D) $107,508
B
You might also like to view...
What roles can music play in advertisements?
What will be an ideal response?
The ______ suggests that when teams first come together, they tend to perform at a low level for a period of time that is more or less equal to half the time until the deadline or due date.
A. punctuated equilibrium model B. stages of group development C. decentralization model D. expectancy theory
Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, the maximum rate of taxation on dividends received by shareholders was set at ________
A) 18% B) 20% C) 25% D) 15%
By the time the subprime financial crisis hit in force, Fannie and Freddie had ________ subprime and Alt-A assets on their books
A) over $1 trillion of B) very few C) been prohibited from holding D) none of the above