Homework Answers
Inputs in the financial calculator:
(I am using BA II Plus, Texas instruments).
Please Enter.
3 = N
4 = I/Y
-200 = PMT
now enter CPT+ FV
FV= +624.32
The timeline diagram is below.
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what is the future value of a 3 - year, $200 ordinary annuity
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4. (a) What is the future value of a 3-year ordinary annuity (recall that ordinary annuities...
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f. 1. What is the future value of a 3-year, $100 ordinary annuity if the annual interest rate is 4%? 2. What is its present value? 3. What would the future and present values be if it was an annuity due?
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