Consider an annuity that pays $800 per year for 11 years: The first payment happens a year
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Question:
Consider an annuity that pays $800 per year for 11 years:
The first payment happens a year later (at time node t = 1)
The last payment happens 11 years later (at t = 11)
There are a total of 11 payments
What is its future value of the annuity 11 years from now (t = 11) with an expected return of 10% per year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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