1. Find the future value of an annuity due of $800 paid at the beginning of every...

Question:

1. Find the of an due of $800 paid at the beginning of every 6-month period for 10 years, if it earns interest at 12%, compounded semiannually?
2. A company wants to have $250,000 available in 412 years for new construction.
How much must be deposited at the beginning of each quarter to reach this goal if the investment earns 10.2%, compounded quarterly?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...