Question
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
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 | ||||||||||
| $ | $ | 1,640 | 7 | % | 10 | ||||||||
| $ | 7,420 | 8 | 33 | ||||||||||
| $ | 3,920 | 5 | 9 | ||||||||||
| $ | 8,650 | 9 | 32 |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
