Find the future value of the following ordinary annuities: a. $400 per year for 10 years at
Question:
Find the future value of the following ordinary annuities:
a. $400 per year for 10 years at 10 percent
b. $200 per year for five years at 5 percent
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...
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