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MMLU-Pro / 486 / Mr.Stadeset up a sinking fund which requires …

Problem

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question

Mr.Stadeset up a sinking fund which requires $1000 deposits made over 20 years at an annual rate of 3(1/2) percent. What is the value of the fund at the end of fifteen years?

category

business

options

  1. $28,852
  2. $19,648
  3. $25,000
  4. $30,000
  5. $19,296
  6. $24,350
  7. $20,150
  8. $28,280
  9. $17,800
  10. $22,500

src

stemez-Business

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