The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is
A. $11,808.
B. $11,464.
C. $ 8,530.
D. $10,000.
Answer:B
The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is
A. $11,808. B. $11,464. C. $ 8,530. D. $10,000.