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Please use the appropriate factors from the following list to calculate your answer to this question: Present Value of Future Value of Ordinary Annuity
Please use the appropriate factors from the following list to calculate your answer to this question: Present Value of Future Value of Ordinary Annuity 7 periods 5.2064 8 periods 5.7466 9 periods 6.2469 Ordinary Annuity 8.92280 10.63663 12.48756 If in early January of 2017 a company commits to deposit $12,000 annually starting at the end of December 2017 and it earns 8%, what will the balance be on December 31, 2024? Please round your answer to the nearest dollar. $107,075 $115,640 $127,640 $137,851
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