Author Question: What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a ... (Read 95 times)

sabina · **on:** Apr 25, 2021

Question 1

Tony plans to deposit $1,000 at the end of each of the next three years. If his funds earn 5% compounded annually, how much will he have at the end of three years?
◦ $3,150.00
◦ $3,175.50
◦ $3,152.50
◦ $3,500.00
◦ $4,310.10

Question 2

What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15% interest rate?
◦ $670.44
◦ $842.91
◦ $1,169.56
◦ $1,522.64
◦ $1,348.48

whitcassie · **Reply #1 on:** Apr 25, 2021

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