The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12%, is:

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
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  1. The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12%, is:
    1. $35,098                                     $39,310
    2. $20,000                                     $11,300
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