Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually. The value of Ted's annuity at the end of eight years is O $5,318.31 O $4,318.30 O $4,000 O $2,873.30

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Ted Williams made deposits of $500 at the end of each year for eight years. The
rate is 8% compounded annually. The value of Ted's annuity at the end of eight
years is
O $5,318.31
O $4,318.30
$4,000
O $2,873.30
Transcribed Image Text:Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually. The value of Ted's annuity at the end of eight years is O $5,318.31 O $4,318.30 $4,000 O $2,873.30
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