Question

What is the accumulated sum of the following stream of payments? $4,659 every year at the...

What is the accumulated sum of the following stream of payments? $4,659 every year at the beginning of the year for 13 years, at 6.89 percent compounded annually.

Round answer to two decimal places. Thank you.

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Answer #1

fc =-FV(C2,C3,C4,-C5,C6) B 0.0689 1 2 RATE 3 NPER 4. PMT 5 PV 6 TYPE 7 FV $4,659.00 Rate Per Period Total No.of Payments Paym

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