what is the future value if a 1000 annuity payment over 4 years if thrninterest rates...
Homework Answers
Future Value Annuity = 
where r is the rate of Return for compounding period = 18% OR 0.18
n is the no of compounding period 4 years
= 
= 1000 * 5.215432
= $ 5215.432
Future Value of 1000 Annuity will be $ 5215.432
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