Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 11 Jul 2017 My Price 11.00

Janet Taylor Casual Wear

Janet Taylor Casual Wear has $75,000 in a bank account as of December 31, 2016. If the company plans on depositing $4,000 in the account at the end of each of the next 3 years (2017, 2018, and 2019) and all amounts in the account earn 8% per year, what will the account balance be at December 31, 2019? Ignore the effect of income taxes.

a. $ 87,000

b. $ 88,000

c. $ 96,070

d. $107,500

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Jul 2017 12:07 PM My Price 11.00

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