Question: Example 2 : Future Value for Annuities We can find the future value of an annuity using the Pmt argument in the FV function. Suppose

Example

2

: Future Value for Annuities

We can find the future value of an annuity using the Pmt argument in the FV function. Suppose you are saving for retirement. Based on the following assumptions, how much will you have when you retire?

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table

[[,,,,], [

Annual savings:,

3, 000,,,], [

Number of years to save:,

11 %,,,], [

Interest rate:,,,,

], [,,,,], [

Future value:,,,,

]]

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