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4.9.1 - Ordinary Annuities 1) You deposit $500 into an investment account each year for 10 years and earn 8% interest per year. How much
4.9.1 - Ordinary Annuities 1) You deposit $500 into an investment account each year for 10 years and earn 8% interest per year. How much will you end up with after the 10 years? 2) You deposit $500 into an investment account each year for 10 years and earn 8% interest per year. How much will you end up with after the 10 years? A. (500*10)*(1.08^10-1) B. 10*(500)^.08 C. (500/0.08)*(1.08^10-1) D. (500/10)*(1.08^10-1)
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