Question
Complete the table by indicating the future value amount of the annuity stream. Annual Frequency of Investment Payments Interest Rate Payment Number of Years Beg.
Complete the table by indicating the future value amount of the annuity stream.
Annual | Frequency of | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Investment | Payments | Interest Rate | Payment | Number of Years | Beg. Or End of Payment Period | Deferral of Annuity Payment | Future Value Amount | |||
Annuity A | Annually | 6% | $(1,000) | 2 | years | End | 0 | years | ? | |
Annuity B | Semiannually | 8% | (3,200) | 3 | years | End | 0 | years | ? | |
Annuity C | Semiannually | 6% | (6,400) | 4 | years | End | 0 | years | ? | |
Annuity D | Annually | 8% | (3,280) | 6 | years | Beginning | 0 | years | ? | |
Annuity E | Semiannually | 6% | (640) | 5 | years | Beginning | 2 | years | ? | |
Annuity F | Semiannually | 8% | (2,400) | 4 | years | Beginning | 1 | year | ? |
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
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