15. Use the factors below to answer questions 15-18. A rate of 8% compounded annually, applies to each question.

Future Values Single for 4 periods at 8% 1.360

Future Values Annuity for 4 periods at 8%. 4.506

Present Values Single for 4 periods at 8%. 0.735

A deposit of $500 made at the end of each year for four years would grow to how much?

		a. $2,253.00
		b. $680.00
		c. $2,367.50
		d. $1,656.00

Present Values Annuity for 4 periods at 8%. 3.312