Question: The future value of $ 2 , 2 0 0 deposited each year for 6 years earning 6 percent would be approximately how much? Use

The future value of $2,200 deposited each year for 6 years earning 6 percent would be approximately how much? Use Exhibit 1-B.
Note: Round time value factors to 3 decimal places and final answer to the nearest dollar amount.
Multiple Choice
$18,145.
$13,992.
$13,200.
$15,345.
$16,445.
 The future value of $2,200 deposited each year for 6 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!