Use this information to answer the following question. If an accumulation of $6,000 is desired at the end of three years,at a 12% interest rate what amount must be deposited at the end of each of the three years?
A) $1,778.30
B) $20,244.00
C) $4,270.46
D) $8,430.00

Question

Use this information to answer the following question.  If an accumulation of $6,000 is desired at the end of three years,at a 12% interest rate what amount must be deposited at the end of each of the three years?
A) $1,778.30 
B) $20,244.00 
C) $4,270.46 
D) $8,430.00

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  If an accumulation of $6,000 is desired at the end of three years,at a 12% interest rate what amount must be deposited at the end of each of the three years?
A) $1,778.30 
B) $20,244.00 
C) $4,270.46 
D) $8,430.00

Use This Information to Answer the Following Question