Using a discount rate of 8% per year, find the future value 21 years from today...
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Using a discount rate of 8% per year, find the future value 21 years from today of an annuity stream with annual payments, in which the first payment of $106 occurs immediately, and the last payment occurs at the end of the 9th year. The payments are expected to grow at 8% per year. Enter your answer as a positive value using at least 4 significant digits. Using a discount rate of 8% per year, find the future value 21 years from today of an annuity stream with annual payments, in which the first payment of $106 occurs immediately, and the last payment occurs at the end of the 9th year. The payments are expected to grow at 8% per year. Enter your answer as a positive value using at least 4 significant digits.
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