3
QuizMultiple Choice

Annuities

Question 3 • FT GMS AMDM B IC – 72

Lou has an account with $10,000 which pays 6% interest compounded annually. If to that account, Lou deposits $5,000 at the beginning of each year for 2 years, find out the amount in the account after the last deposit.a.$10,300.00c.$21,500.00b.$20,300.00d.$22,154.00

Answer
A
A
B
B
C
C
D
D
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