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Problem 5-8 Calculating Annuity Values [LO 1] For each of the following annuities, calculate the future value. (Enter rounded answers as directed, but do not
Problem 5-8 Calculating Annuity Values [LO 1]
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 | |||||||||||
$ | $ | 1,790 | 6 | % | 10 | |||||||||
$ | 8,520 | 7 | 34 | |||||||||||
$ | 4,270 | 4 | 9 | |||||||||||
$ | 9,050 | 8 | 32 | |||||||||||
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