Can someone help me with the below question? I'm not sure if for calculating the FVAF I

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Can someone help me with the below question? I'm not sure if for calculating the FVAF I should use "t" of 120 (12*10) or of 10 (years). Please help!

Future value annuity factor (FVAF) = ((1 + r)t - 1) / r

This question consists of four main parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places.

a.If you save $200 per month for 10 years at 12% annual percentage rate with monthly compounding:

i.what is the future value annuity factor?

ii.what is the future value?

Posted Date: May 18, 2024 06:15 PM

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Can someone help me with the below question? I'm not sure if for calculating the FVAF I

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