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Calculate the future value. a . Use the compound interest formula, F V = P V ( 1 + i ) N , to find
Calculate the future value. a Use the compound interest formula, to find the future value of the current amount in the investment. After years, the $ will grow to b Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity Simple Annuity Due General Annuity Due c Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: Number of Payments per Year: Total Number of Payments: Annual Interest Rate: Number of Compoundings per Year: d Determine the total future value of the investment incorporating your answer from part a above
Calculate the future value.
a Use the compound interest formula, to find the future value of the current amount in the investment.
After years, the $ will grow to
b Determine the annuity type.
Ordinary Simple Annuity
Ordinary General Annuity
Simple Annuity Due
General Annuity Due
c Identify the following pieces of information to be used to calculate the future value of the annuity.
Periodic Payment:
Number of Payments per Year:
Total Number of Payments:
Annual Interest Rate:
Number of Compoundings per Year:
d Determine the total future value of the investment incorporating your answer from part a above
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