Question: Using the appropriate future value table, compute the future value of the following amounts received: a. $ 10,000 received at the end of each year
a. $ 10,000 received at the end of each year for five years compounded annually at 10%.
b. $ 3,000 received at the beginning of each year for eight years compounded annually at 7%.
c. $ 15,000 received at the end of the fifth, sixth, seventh, and eighth years at 12%, compounded annually.
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a This is considered an ordinary annuity because payments are received at the end of each year Using ... View full answer
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