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Author Question: Peter will receive $1,200 at the beginning of each of the next seven years. What is the future value ... (Read 27 times)

bucstennis@aim.com

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  • Posts: 532
on: Apr 25, 2021

Question 1

Margaret plans to deposit $500 on the first day of each of the next five years, beginning today. If she earns 4% compounded annually, how much will she have at the end of five years?
◦ $2,708.16
◦ $2,816.49
◦ $3,041.63
◦ $1,560.80
◦ $2,041.63

Question 2

Peter will receive $1,200 at the beginning of each of the next seven years. What is the future value of this annuity, assuming the interest rate is 9% compounded annually? (Round to the nearest whole dollar)
◦ $1,200
◦ $11,041
◦ $12,034
◦ $13,234
◦ $8,400
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Marked as best answer by bucstennis@aim.com on Apr 25, 2021

Chocorrol77

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bucstennis@aim.com

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Excellent

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