Question: Calculate the future value. Present Value Interest Rate $0.00 8% monthly Payments $500.00 monthly Timing of Payment Years End Future Value 24 ??? a.

Calculate the future value. Present Value Interest Rate $0.00 8% monthly Payments

Calculate the future value. Present Value Interest Rate $0.00 8% monthly Payments $500.00 monthly Timing of Payment Years End Future Value 24 ??? a. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity O Simple Annuity Due General Annuity Due b. 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 = c. Determine the future value of the annuity.

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