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How much will you have in a savings account in ten years, if you deposit...

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Accounting

How much will you have in a savings account in ten years, if you deposit $1,300 in the account at the end of each year and the account earns 11% interest, compounded annually? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.)

Multiple Choice

  • $32,445

  • $21,739

  • $13,000

  • $15,080

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