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Calculate the future value of the following annuity streams: a. $5,000 received each year for five years on the last day of each year if
Calculate the future value of the following annuity streams: a. $5,000 received each year for five years on the last day of each year if your investments pay 6 percent compounded annually. b. $5,000 received each year, paid equally on quarterly basis, for five years on the last day of each quarter, if your investments pay 6 percent compounded quarterly. c. $5,000 received each year semi-annually for five years on the last day of each half a year if your investments pay 6 percent compounded semi-annually. d. $5,000 received each each year on monthly basis for five years on the last day of each month if your investments pay 6 percent compounded monthly
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