John will receive $1200 at
the beginning of each of the next 7 years, what is the future value of this
annuity, assuming that the interest rate is 9% compounded annually? (Round to the nearest whole dollar)

It is incorrect. it is not one of the mutiple choice answers given. It
is stating that John will receive $1200 at the beginning of each year
for the next 7 years. Not $1200 in total. First year he will get $1200,
Second year another $1200 and so on

Jun 17th, 2015

multiple choice answers are : 8400, 12,034, 13234, 11,041, 1,200