Question: You deposit $ 2 , 0 0 0 per year in each of the next 3 years. The first deposit occurs one year from today,

You deposit $

2, 000

per year in each of the next

3

years. The first deposit occurs one year from today, so your cash flow stream represents an ordinary annuity. The account pays an interest rate of

4 %

and you need to find the future value of this annuity immediately following the final deposit. What value should you enter as PV in your financial calculator?

You deposit $2,000 per year in each of the next 3

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