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Future Value of an Annuity What is the future value of a $530 annuit.pdf
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Future Value of an Annuity What is the future value of a $530 annuit.pdf

Apr. 2, 2023••
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Future Value of an Annuity What is the future value of a $530 annuity payment over 8 years if the interest rates are 7 percent? A. $4,729.09 B. $5,437.70 C. $910.64 D. $4,536.80 Can this be done in a financial calculator? If so can you show how. Thank you! I think the answer is $5,437.70? Solution Formula for future value of Annuity : FV= A [ (1+k)n-1/k] FV = Future annuity value? A = periodical ( yearly) investment=$530 K=interest rate per year =7% N=periods=8 years FV= 530*[1.07^8-1]/0.07=5,437.70 So Future value of the annuity =$ 5,437.70 Option B is correct..

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Future Value of an Annuity What is the future value of a $530 annuit.pdf

  1. Future Value of an Annuity What is the future value of a $530 annuity payment over 8 years if the interest rates are 7 percent? A. $4,729.09 B. $5,437.70 C. $910.64 D. $4,536.80 Can this be done in a financial calculator? If so can you show how. Thank you! I think the answer is $5,437.70? Solution Formula for future value of Annuity : FV= A [ (1+k)n-1/k] FV = Future annuity value? A = periodical ( yearly) investment=$530 K=interest rate per year =7% N=periods=8 years FV= 530*[1.07^8-1]/0.07=5,437.70 So Future value of the annuity =$ 5,437.70 Option B is correct.
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