Question
Claudine Corporation will deposit $4,000 into a money market account at the end of each year for the next five years. How much will accumulate
Claudine Corporation will deposit $4,000 into a money market account at the end of each year for the next five years. How much will accumulate by the end of the fifth and final payment if the account earns 9% interest?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
- $24,289
- $20,260
- $23,939
- $20,000
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Construction Auditing Planning Implementation Use
Authors: Peter Wotschke, Gregor Kindermann
1st Edition
3658388404, 978-3658388409
