Check your understanding of FV and PV Annuity.

Excel works, thanks.

Question 6 1 pts You invest $5,000 per year for 10 years, earning 8%. What is the Future Value? $51,526.00 $72,432.00 $33,550.00 $10,794.00 Question 7 1 pts You need to have $50,000 20 years from now. You will earn 9%. How much do you need to save per YEAR, in order to have the $50,000 in 20 years? O $977.00 $74.00 O $5,477.00 $2,500.00