What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate

Question:

What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 10 percent?

MINI CASE

Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination which covers several financial analysis techniques. The first section of the test addresses analysis. See how you would do by answering the following questions

Discounted Cash Flows
What is Discounted Cash Flows? Discounted Cash Flows is a valuation technique used by investors and financial experts for the purpose of interpreting the performance of an underlying assets or investment. It uses a discount rate that is most... Annuity
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