If $10,000 Is Received and Deposited at 10% at the End

question 142

Multiple Choice

If $10,000 is received and deposited at 10% at the end of each of the next six years, how much will be in the account after the last payment is deposited?

• A)$96,000
• B)$77,156
• C)$43,553
• D)$87,355

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