21. Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8%
compounded annually. Using the tables in the Business Math Handbook that accompanies the course
textbook, calculate the value of Ted's annuity at the end of eight years.
A. $4,318.30
B. $2,837.03
C. $5,318.30
End of exam
D. $2,873.30
1 answer
No table. Cannot copy and paste here.
3 answers