Unit 3.6 Future Value Annuity |Present Value Annuity How to calculate and recognize I,N, FV, PV, fv = cx 4-] pv = cx _ PMT Where: Where: c = Cash flow per period c = Cash flow per period i = Interest Rate i = Interest Rate n = Number of payments n = Number of payments When to use it When the total amount of When you want to generate a money that will be specific income down the accrued by making amount of money that would consistent investment need to be invested over a set period with compound interest. Type of Growth Periodic payments made Sum of future cash flows. over time. Example After making monthly Monthly payments of $1,000 $1,000 contributions for for 10 years. To achieve a 10 years, assume interest $1,000 annuity payment for 10 rates are 8%, after 10 years with interest rates at 8%, years, the future value is you'd need to invest $6,710.08 $19,990.05 today.Task 3 - Math Journal (Com) Levels Success Criteria The task demonstrates the The task shows: success criteria: . Math vocabulary is used accurately. Level 4 (80-100) . Math notation and symbols are used to a thorough/high degree appropriately. . There is organization and clarity in the algebraic Level 3 (70-79) solutions, graphs, charts, and/or diagrams. to a considerable degree . Mathematical thinking is expressed clearly. Level 2 (60-69) . Reflections on mathematical thinking are to some degree expressed clearly. Level 1 (50-59) to a limited degree