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2. Future Value : Using the Future Value of an Annuity Formula as shown in the Chapter 2 lecture (slide 23): FVAnnuityDue=C[i(1+i)n1](1+i) The actual results

image text in transcribed 2. Future Value : Using the Future Value of an Annuity Formula as shown in the Chapter 2 lecture (slide 23): FVAnnuityDue=C[i(1+i)n1](1+i) The actual results in the table on page 5 of the article, based on a $100 monthly investment at an 11% (Annual) interest rate would be: - $8,024.70 total return in 5 Years. - $45,885.76 total return in 15 Years - $283,022.78 total return in 39 Years Change the interest rate to a more conservative 8% annual rate. What would the results be from that change in total return dollars each year/? Answer: 5 Year total return: 15 Year total return: 30 Year total return: You should show your calculations for partial credit

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