Question: Calculate the future value Interest Rate 10 Present Value Payments Timing of Payment Years Future Value $24.000.00 8.4% semi-annually $800.00 monthly Beginning 727 a. Use

Calculate the future value Interest Rate 10 Present Value Payments Timing of Payment Years Future Value $24.000.00 8.4% semi-annually $800.00 monthly Beginning 727 a. Use the compound interest formula, FV = PV (1 + i), to find the future value of the current amount in the investment After 10 years, the $24,000.00 will grow to b. Determine the annuity type Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due General Annuity Due c Identity the following pieces of information to be used to calculate the future value of the annulty Periodic Payment: PMT Number of Payments per Year PY Total Number of Payments N Annual Interest Rate = 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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