What is the interest factor of karrin

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Problem 1: Let's say Karrin opens up an account with Vanguard Investments in a stock-mutual fund. The fund is attractive to her because it promises 7.26% return for the life of the account. Karrin plans to deposit $7,000 dollars a year, beginning one year from today for the next twenty years. What is the interest factor.

a. 42.18
b. 43.88 Future Value of an Annuity (Solve for Interest Factor)
c. 44.36 Hint - Calculate what's in formula brackets
d 45.37

Reference no: EM132929479

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