Question
Problem 5-30 Future and Present Value of an Annuity Due (LG5-6) If you start making $145 monthly contributions today and continue them for four years,
Problem 5-30 Future and Present Value of an Annuity Due (LG5-6)
| If you start making $145 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.50 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Future value annuity | $ |
| What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value annuity | $ |
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Contemporary Islamic Finance
Authors: Karen Hunt-Ahmed
1st Edition
1118180909, 978-1118180907
