Question: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,000; 1.30% compounded monthly for 7 years. The



Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,000; 1.30% compounded monthly for 7 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the interest. Round to the nearest cent. $1,160 at 7.9% for 17 months O A. $1,557.84 OB. $129.82 OC. $5.39 OD. $12.982.00 Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. $16,000 for 107 days, money earns 3% O A. $139.49 OB. $15,533.98 O C. $15,861.81 OD. $15,860.51
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
