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Find what will the balance be on december

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Use the following 10% interest factors.   

                          Present Value of Ordinary Annuity    Future Value of Ordinary Annuity

7 periods                       4.8684                                     9.48717

8 periods                        5.3349                                       11.43589

9 periods                     5.7590                                              13.57948

Problem 1: If $18000 is deposited annually starting on January 1, 2020 and it earns 10%, what will the balance be on December 31, 2027?

Reference no: EM132687164

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