Question: Which example would require solving for the future value of an ordinary annuity? a. you want to know the value of $1000 in 2 years
Which example would require solving for the future value of an ordinary annuity?
a. you want to know the value of $1000 in 2 years earning 4% interest.
b. you want to know the value of $100 deposits made at the end of each moth for six years.
c. you want to know the value of $200 deposits made at the beginning of each month for five years.
d. you want to know what you need today to have $7000 in five years if you can earn 7% interest on your money.
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