Question
For each of the following annuities, calculate the future value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
For each of the following annuities, calculate the future value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
| Future Value | Annual Payment | Years | Interest Rate | |||||||||||
| $ | $ | 1,220 | 10 | 5 | % | |||||||||
| 4,340 | 50 | 6 | ||||||||||||
| 2,940 | 9 | 3 | ||||||||||||
| 7,530 | 35 | 7 | ||||||||||||
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
