Question
Use the following 7% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.3893 8.65402 8 periods 5.9713 10.25980 9
Use the following 7% interest factors.
| Present Value of Ordinary Annuity | Future Value of Ordinary Annuity | ||
| 7 periods | 5.3893 | 8.65402 | |
| 8 periods | 5.9713 | 10.25980 | |
| 9 periods | 6.5152 | 11.97799 | |
What will be the balance on September 1, 2027 in a fund which is accumulated by making $43000 annual deposits each September 1 beginning in 2020, with the last deposit being made on September 1, 2027? The fund pays interest at 7% compounded annually.
|
| $256766 |
|
| $441171 |
|
| $315300 |
|
| $372126 |
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Wiley CPA Exam Review Auditing And Attestation 2011
Authors: Patrick R. Delaney, O. Ray Whittington
8th Edition
0470554347, 978-0470554340
