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Author Question: What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a ... (Read 81 times)

sabina

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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


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Marked as best answer by sabina on Apr 25, 2021

whitcassie

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sabina

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Reply 2 on: Apr 25, 2021
Excellent


alexanderhamilton

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Reply 3 on: Yesterday
Gracias!

 

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