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At the end of each year, a deposit of $5,000 is made in an account...

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Finance

At the end of each year, a deposit of $ $5, 000$ is made in an account that pays $8.5 %$ compounded annually. Using the table in the handbook, find the final value at the end of $8$ years.

Question $19$ options:

$1)$

$ $54, 153.50$

$2)$

$ $52, 232.00$

$3)$

$ $55, 142.50$

$4)$

$ $53, 183.00$

Answer & Explanation Solved by verified expert

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