Use the Following 8% Interest Factors for Questions

question 114

Multiple Choice

Use the following 8% interest factors for questions .
-If $5,000 is deposited annually starting on January 1, 2012 and it earns 8%, what will the balance be on December 31, 2019?

• A)$44,614
• B)$48,183
• C)$53,183
• D)$57,438

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