Question
TB MC Qu. B-47 (Algo) Xavier is planning to... Xavier is planning to set-up an education fund for his grandchildren. He plans to invest $16,000
TB MC Qu. B-47 (Algo) Xavier is planning to...
Xavier is planning to set-up an education fund for his grandchildren. He plans to invest $16,000 annually at the end of each year. He expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
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$302,806
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$107,362
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$86,575
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$231,786
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$160,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
