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Facts FV: Payment: $4,500 Annual Interest Rate: 8% I/Y: 2% n: (Number of years) 9 N: (Number of compounding periods) 36 Compounded (Y): Quarterly Table
Facts FV: Payment: $4,500 Annual Interest Rate: 8% I/Y: 2% n: (Number of years) 9 N: (Number of compounding periods) 36 Compounded (Y): Quarterly Table Method FV PMT Factor 4500 Activity 2.b - Solving for Future Value, Ordinary Annuity Using Tables Using provided data, solve for future value. Use the I/Y and N values when looking up the factor in the tables. Do NOT use the annual values. Round your final answer to the nearest whole dollar. TVM Tables (Click links to access) Future Value of $1 Present Value of $1 Future Value of an Ordinary Annuity. Present Value of an Ordinary Annuity. Future Value of an Annuity Due Present Value of an Annuity Due
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