Calculate the future value of the increasing annuity. 1. At the end of each half year, for

Question:

Calculate the of the increasing annuity.
1. At the end of each half year, for 5 years, $1500 is deposited into an investment paying 2.6% interest compounded semiannually.
2. At the end of each quarter year, for 6 years, $1200 is deposited into an investment paying 3.4% interest compounded quarterly?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...