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 | |||||||||||
| $ | $ | 1,340 | 10 | 9 | % | |||||||||
| 5,220 | 36 | 10 | ||||||||||||
| 3,220 | 9 | 7 | ||||||||||||
| 7,850 | 30 | 11 | ||||||||||||
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
