What is the future value in year twenty-five of an ordinary annuity cash flow of $2,000 per year at an interest rate of 10.0% per year?
A) $66,505.81
B) $55,000.00
C) $196,694.12
D) $216,363.53
Answer: C
Explanation: C) FV = PMT × = $2,000 × = $196,694.12.
MODE = END
INPUT 25 10 0 -2,000 ?
KEY N I/Y PV PMT FV
CPT 196,694.12
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