The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12 percent, is
A. $35,098.
B. $20,000.
C. $39,310.
D. $11,300.
Answer:A
The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12 percent, is
A. $35,098. B. $20,000. C. $39,310. D. $11,300.