To save for the replacement of a computer, a business deposits $300 at the end of each month into an account that earns 5% annual interest compounded monthly. Find the future value of the ordinary annuity in 4 years.
A)$15922.70
B)$15936.42
C)$15832.05
D)$15904.47
E)$15931.84

Question

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The Answer of To save for the replacement of a computer, a business deposits $300 at the end of each month into an account that earns 5% annual interest compounded monthly. Find the future value of the ordinary annuity in 4 years.
A)$15922.70
B)$15936.42
C)$15832.05
D)$15904.47
E)$15931.84

To Save for the Replacement of a Computer, a Business