How much must be deposited at the beginning of each year in order to accumulate to $10,000 in four years if interest is at 9%?
A)$1,671.
B)$2,570.
C)$2,358.
D)$2,006.$10,000 4.9847* = $2,006 *FVAD of $1: n=4; i=9%

Question

Quizplus · Accepted Answer

Using the formula FVAD of $1: n=4, i=9%, we get the factor to be 4.9847*. 
Therefore, to accumulate to $10,000, the deposit amount would be: 
$10,000 ÷ 4.9847* = $2,006 (rounded to the nearest dollar). Therefore, the best choice is option D.

How Much Must Be Deposited at the Beginning of Each