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How much will you have in a savings account in ten years, if you deposit $1,800 in the account at the end of each year

How much will you have in a savings account in ten years, if you deposit $1,800 in the account at the end of each year and the account earns 6% interest, compounded annually? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.)

Multiple Choice

  • $28,452

  • $18,000

  • $23,725

  • $19,080

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