an annuity pays $45 per year for 13 years. what is the future value (FV) of this annuity at the end of those 13 years, given the discount rate is 9%?
Future value of annuity=Annuity[(1+rate)^time period-1]/rate
=45[(1.09)^13-1]/0.09
=45*22.9533846
=$1032.90(Approx).
an annuity pays $45 per year for 13 years. what is the future value (FV) of...
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