Question
1.An annuity pays $300 per year for 8 years beginning one year from today. What is the remainingvalue of the annuity immediately after the fourth
1.An annuity pays $300 per year for 8 years beginning one year from today. What is the remainingvalue of the annuity immediately after the fourth $300 payment? Assume an interest rate of 2%. 2.An annuity pays $300 per year for 8 years beginning one year from today. What is the remainingvalue of the annuity immediately before the fourth $300 payment? Assume an interest rate of 2% Answer
1.$1,1426.
2.$1,442 I want to know how to get those answers. Please explain to me what numbers to put in my calculator. For example tell me what N, PV, FV, PMT, I/YR is
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