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sci company deposits $15000 in a fund at The end of each year for 7 years the firm pays interest of 3% compounded annually. The

sci company deposits $15000 in a fund at The end of each year for 7 years the firm pays interest of 3% compounded annually. The balance in the fund at the end of 7 years is computed by multiplying

$15,000 by the future value of one factor

$75,000 by 1.07

$75,000 by 1.70

$15,000 by the future value of an annuity factor

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