What's the future value of a 7%, 5-year ordinary annuity that pays $200 each year? If...

Question

Question

Whats the future value of a 7%, 5-year ordinary annuity that pays $200 each year? If this was an annuity due, what would its

Answer 1

Answer #1

Calculate the future value as follows:

А 350 Particulars 351 Future value of ordinary annuity 352 Future value of annuity due B Amount $1,150.15 $1,230.66 |

Formulas:

B 350 Particulars 351 Future value of ordinary annuity 352 Future value of annuity due Amount =FV(7%,5,-200) =FV(7%,5,-200,,1

Answer 2

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