Question: I need help finding how to do (D) Future Value of an Annuity Calculate the future value. Present Value Interest Rate Payments Future Value Timing

I need help finding how to do (D)

Future Value of an Annuity Calculate the future value. Present Value Interest Rate Payments Future Value Timing of Payment Years 10 Beginning ??? $27,000.00 5.5% semi-annually $1,300.00 monthly a. Use the compound interest formula, FV PV(1+i), to find the future value of the current amount in the investment. After 10 years, the $27,000.00 will grow to $46451.57 b. Determine the annuity type. O Ordinary Simple Annuity O Ordinary General Annuity O Simple Annuity Due General Annuity Due c. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT $1300 Number of Payments per Year: PY 12 Total Number of Payments: N 120 Annual Interest Rate: 0.055 Number of Compoundings per Year: CY 2 = d. Determine the total future value of the investment (incorporating your answer from part a. above)

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