Question 23 Not yet answered Marked out of 013 Dustin has a

Question 23 Not yet answered Marked out of 0.13 Dustin has a client that would like to have $35,000 available for his son to go to college in five years. Dustin suggests that his client deposit $6000 into an annuity due at the beginning of each year. If that annuity pays 8% interest, how much would Dustin\'s client have in the annuity in five years? Select one: a. $35,015.57 O b. $36,015.57 O c. $37,015.57 O d. $38,015.57 Flag question

PV = 0, N = 5, PMT = 6000, rate = 8%

use FV function in Excel with type as 1

future value = 38,015.57

Question 23 Not yet answered Marked out of 0.13 Dustin has a client that would like to have $35,000 available for his son to go to college in five years. Dusti

Question 23 Not yet answered Marked out of 013 Dustin has a

Solution

Get Help Now

Submit a Take Down Notice