Future value of an annuity. For the case below answer the questions that follow: Amount of annuity

Question:

of an For the case below answer the questions that follow:
Amount of $3500
Interest rate 10%
Show all work including formula and answer deposit period 8 years calculate the of the assuming that it is
1. An ordinary An due
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...