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Calculate the future value. table [ [ Present Value,Interest Rate,Payments,Timing of Payment,Years,Future Value ] , [ $ 0 . 0 0 , 7 %
Calculate the future value.
tablePresent Value,Interest Rate,Payments,Timing of Payment,Years,Future Value$ monthly,$ monthly,End,
a Determine the annuity type.
Ordinary Simple Annuity
Ordinary General Annuity
Simple Annuity Due
General Annuity Due
b 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:
c Determine the future value of the annuity.
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