Calculate the future value of the following variable and ordinary annuities, if the interest rate is 7%
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Question:
Calculate the future value of the following variable and ordinary annuities, if the interest rate is 7% for all
1st year annuity: 10,000
2nd Annuity: 8000
3rd Annuity: 6000
4th Annuity: 5000
Annuity 5th: 4000
6th Annuity: 3000
Annuity 7th: 2000
Possible answers:
$ 47,087.40
$ 45,087.40
$ 48,087.40
$ 44,087.40
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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