Question: Daniel Jackson will deposit $22300 into an account today that earns 11% per year compounded annually. Using the following factors, what is the amount that
Daniel Jackson will deposit $22300 into an account today that earns 11% per year compounded annually. Using the following factors, what is the amount that will be in the account at the end of the 6 years? Type of Cash Flow PV of $1 FV of $1 PV ordinary annuity FV ordinary annuity PV annuity due Periods 6 6 6 Interest Rate 11% 11% 11% Factor 0.5346 1.8704 4.2305 7.9129 4.6959 6 11% 6 11% $23843 O $11922 $41710 O $20855
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