Question
For each of the following annuities, calculate the future value. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round
| For each of the following annuities, calculate the future value. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Future Value | Annual Payment | Interest Rate | Years | |||||||||||
| $ | $ | 1,580 | 5 | % | 10 | |||||||||
| $ | 6,980 | 6 | 39 | |||||||||||
| $ | 3,780 | 3 | 9 | |||||||||||
| $ | 8,490 | 7 | 34 | |||||||||||
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
