OOo og Solution Correct option is e 16112 PMT Payment 350

OOo og

Correct option is > e. $16,112

PMT = Payment =

3,500.00

N = Period =

R = Rate =

5.7000%

Future value formula for investment done beginning of period:

FV = (PMT x ((1+R)^N-1)/R) x (1+R)

FV = (3500*((1+5.7%)^4-1)/5.7%)*(1+5.7%)

$16,112

PMT = Payment =	3,500.00
N = Period =	4
R = Rate =	5.7000%
Future value formula for investment done beginning of period:
FV = (PMT x ((1+R)^N-1)/R) x (1+R)
*FV = (3500((1+5.7%)^4-1)/5.7%)(1+5.7%)*	$16,112