Question
A company wishes to accumulate $100,000 for the future retirement of bonds by making 6 equal annual deposits at the end of each year, starting
A company wishes to accumulate $100,000 for the future retirement of bonds by making 6 equal annual deposits at the end of each year, starting one year from now. Assuming an 8% interest rate, what is the required amount of each deposit?
| A. | $63,017 | |
| B. | $16,667 | |
| C. | $13,632 | |
| D. | $21,632 |
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Automotive Process Audits Preparations And Tools Practical Quality Of The Future
Authors: D. H. Stamatis
1st Edition
036775939X, 978-0367759391
