Find the future value annuity factor for a 6-year annuity whose annual rate is 2.6% with daily compounding.
Future Value = Present Value(1 + r)t
Future Value = (1 + 0.026/365)365*6
Future Value = 1.1688
So,
Future Value Factor is 1.1688
Find the future value annuity factor for a 6-year annuity whose annual rate is 2.6% with...
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