An annuity pays $49 per year for 13 years. What is the future value(FV) of this...
An annuity pays $49 per year for 13 years. What is the future value(FV) of this annuity at the end of those 13 years, given that the discount rate is 8%
a. $631.96
b. $1,474.58
c. $1,053.27
d. $1,263.92
Homework Answers
Answer: Option c is correct
After entering the given values in excel, we get the value as $1053.27
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An annuity pays $49 per year for 13 years. What is the future
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choose one answer
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An annuity pays $53 per year for 17 years. What is the future value FV of this annuity at the end of those 17 years, given that the discount rate is 5%? OA. $1,917.36 OB. $1,643.45 O C. $1,369.54 OD. $821.72
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please
choose one answer
An annuity pays $51 per year for 28 years. What is the future value (FV) of this annuity at the end of those 28 years, given that the discount rate is 6%? OA. OB. OC. OD. $4,193.92 $4,892.90 $2,096.96 $3,494.93
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