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Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 25 years @ 5% annual interest rate: Following are
Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 25 years @ 5% annual interest rate:
Following are appropriate factors from tables:
Table % / n | Present Value of annuity due $1 | Present Value of ordinary annuity of $1 | Present value of $1 | Future Value of ordinary annuity of $1 |
5%/25 | 14.79864 | 14.09394 | .29530 | 47.72710 |
Required Computations: One single deposit of $ ???????? for 25 years.
$ ???????? invested annually at the end of the year.
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