5. Choose the best answer

Calculate the future value of the following variable and ordinary annuities, if the interest rate is 7% for all

1st year annuity: 10,000

2nd Annuity: 8000

3rd Annuity: 6000

4th Annuity: 5000

Annuity 5th: 4000

6th Annuity: 3000

Annuity 7th: 2000

Possible answers:

$ 47,087.40

$ 45,087.40

$ 48,087.40

$ 44,087.40