Answer
247, 114.58
Work Step by Step
Future value of an ordinary annuity of 5,000 for 20 periods at 8%:
$
5,000 X 45.76196=228, 809.8$
Thus, it follows:
$
228, 809.8 \times (1+.08) = 247, 114.58$
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 6 - Accounting and the Time Value of Money - Exercises - Page 343: E6-4a
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