Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Eighteen annual payments of 10000 are made into a deposit account that pays 6% interest per year. what is the future value of this annuity

Eighteen annual payments of 10000 are made into a deposit account that pays 6% interest per year. what is the future value of this annuity at the end of 15 years ?

Select one:

a. 233670

b. 273260

c. 323760

d. 232760

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions