16. A table of future value interest factors for an annuity of $1 is shown. Periods...
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16. A table of future value interest factors for an annuity of $1 is shown. Periods 3 4 LO 5 6 Table of future value interest factors Interest rate per period 3% 3.0909 4.1836 5.3091 6.4684 1% 3.0301 4.0604 5.1010 6.1520 2% 3.0604 4.1216 5.2040 6.3081 4% 3.1216 4.2465 5.4163 6.6330 5% 3.1525 4.3101 5.5256 6.8019 An annuity involves contributions of $12000 per annum for 5 years. The interest rate is 4% per annum, compounded of this annuity. (i) Calculate the future value of this annuity. 16. A table of future value interest factors for an annuity of $1 is shown. Periods 3 4 LO 5 6 Table of future value interest factors Interest rate per period 3% 3.0909 4.1836 5.3091 6.4684 1% 3.0301 4.0604 5.1010 6.1520 2% 3.0604 4.1216 5.2040 6.3081 4% 3.1216 4.2465 5.4163 6.6330 5% 3.1525 4.3101 5.5256 6.8019 An annuity involves contributions of $12000 per annum for 5 years. The interest rate is 4% per annum, compounded of this annuity. (i) Calculate the future value of this annuity.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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