Question: Calculate the future value. a. Use the compound interest formula, FV=PV(1+i)N, to find the future value of the current amount in the investment. After 13

Calculate the future value. a. Use the compound interest formula, FV=PV(1+i)N, to find the future value of the current amount in the investment. After 13 years, the $26,000,00 will grow to b. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due General Annuity Due c. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT Number of Payments per Year: PY Total Number of Payments: N Annual Interest Rate: r Number of Compoundings per Year: CY= d. Determine the total future value of the investment (incorporating your answer from part a. above)

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