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AnnuityFUTURE value of an annuity ( Ordinary ) : 1 . You want to go abroad for higher study. For this you are depositing Tk

AnnuityFUTURE value of an annuity (Ordinary):1. You want to go abroad for higher study. For this you are depositing Tk 12000 at the end of each year. If the interest rate is 9% then how much you will get after 8 years.2. Mr. X interested to deposit Tk 500 at the end of each month in a DPS account in Mercantile Bank. The interest rate for DPS of the bank is 8%. If he deposited for 3 years then how much he will receive after that period.

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