Examlex

Solved

Use the Following 8% Interest Factors for Questions

question 74

Multiple Choice

Use the following 8% interest factors for questions . Use the following 8% interest factors for questions .   -Korman Company wishes to accumulate $300,000 by May 1, 2019 by making 8 equal annual deposits beginning May 1, 2011 to a fund paying 8% interest compounded annually.What is the required amount of each deposit? A) $52,205 B) $28,204 C) $26,115 D) $30,234
-Korman Company wishes to accumulate $300,000 by May 1, 2019 by making 8 equal annual deposits beginning May 1, 2011 to a fund paying 8% interest compounded annually.What is the required amount of each deposit?


Definitions:

Related Questions