What is the future value (at the end of 9 years) of an annuity that pays...
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What is the future value (at the end of 9 years) of an annuity that pays $2500 a quarter over 9 years with the payments invested at 5.9% per annum (assume compounding matches payment periods, common assumption for such problems)? (enter your answer in the following format 123456.78) What is the future value (at the end of 9 years) of an annuity that pays $2500 a quarter over 9 years with the payments invested at 5.9% per annum (assume compounding matches payment periods, common assumption for such problems)? (enter your answer in the following format 123456.78)
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Answer rating: 100% (QA)
1r1 FU Pmt x 1r where pmt 2500 the quartely payment FV ... View the full answer
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date:
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