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Find the future value of an annuity due with an annual payment of $14,000 for three years at 3% annual interest using the simple interest
Find the future value of an annuity due with an annual payment of $14,000 for three years at 3% annual interest using the simple interest formula. How much was invested? How much interest was earned? What is the future value of the annuity? $44,570.78 (Round to the nearest cent as needed.) How much was invested? $42000 How much interest was earned? $2,570,78 (Round to the nearest cent as needed.) Find the future value and total interest of the annuity. Click the icon to view the Future Value of $1,00 Ordinary Annuity table. The future value of the ordinary annuity is $31,730.80. (Round to the nearest cent as needed.) The total interest of the annuity is $4,130.80. (Round to the nearest cent as needed.)
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