Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You
plan to retire in 20 years. The stock has a growth rate of 15 percent per annum.
What will the
value of your stock be in 20 years? This problem would be solved by using the formula for the
A) present value of a lump sum.
B) future value of a lump sum.
C) future value of an ordinary annuity.
D) future value of an annuity due.
E) present value of an ordinary annuity.
C
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Amortization tables are used to determine a loan's"
a. term b. monthly payment c. rate of interest d. annual percentage rate
Which of the following will make direct loans to home buyers?
A. Federal Housing Administration (FHA) B. Federal National Mortgage Association (Fannie Mae) C. Farm Service Agency (FSA) and Farmers Home Administration (FmHA). D. Department of Housing and Urban Development (HUD).