compounded annually, what will be the fund balance after the last payment is made on December 31,2027?Assuming an interest rate of 6%, determine the present value for the above options. Which optionshould Alex choose?(Round your final answers to nearest whole dollar amount.)
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Which option should Alexchoose?
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The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December31, 2027. Weimer will make annual deposits of $185,000 into a special bank account at the end of eachof 10 years beginning December 31, 2018. Assuming that the bank account pays 7% interestcompounded annually, what will be the fund balance after the last payment is made on December 31,2027?(Round your final answers to nearest whole dollar amount.)
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