Question
Q11 Calculate the future value of an account after you've contributed $ 680 at the end of each year for 40 years assuming you can
Q11
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Calculate the future value of an account after you've contributed
$ 680
at the end of each year for 40 years assuming you can earn
7.00
percent compounded annually, and that you don't make a withdrawal during the 40-year period. Now calculate the value of the same account if you stop making contributions after 30 years.
After you've contributed
$ 680
at the end of each year for 40 years assuming you can earn
7.00
percent compounded annually, and that you don't make a withdrawal during the 40-year period, the value of this account at the end of 40 years would be
$?.
(Round to the nearest cent.)
If you stop making contributions after 30 years, the value of this account at the end of 40 years would be
$?.
(Round to the nearest cent.)
Future Value of an Annuity (FVIFA) 10 20 30 40 4.0% 12.0061 29.7781 56.0849 95.0255 4.5% 12.2882 31.3714 61.0071 107.0303 5.0% 12.577933.0660 66.4388 120.7998 5.5% 12.8754 34.8683 72.4355 136.6056 6.0% 13.1808 36.7856 79.0582 154.7620 6.5% 13.4944 38.8253 86.3749 175.6319 7.0% 13.8164 40.9955 94.4608 199.6351 7.5% 14.1471 43.3047 103.3994 227.2565 8.0% 14.4866 45.7620 113.2832 259.0565 8.5% 14.8351 48.3770124.2147 295.6825 9.0% 15.1929 51.1601 136.3075 337.8824 9.5% 15.5603 54.1222 149.6875 386.5200 10.0% 15.9374 57.2750 164.4940 442.5926 10.5% 16.3246 60.6308 180.8815 507.2516 Compound Sum of $1 (FVIF) 10 20 30 40 4.0% 1.48022.1911 3.2434 4.8010 4.5% 1.5530 2.4117 3.7453 5.8164 5.0% 1.6289 2.6533 4.3219 7.0400 5.5% 1.7081 2.9178 4.9840 8.5133 6.0% 1.7908 3.2071 5.7435 10.2857 6.5% 1.8771 3.5236 6.6144 12.4161 7.0% 1.9672 3.8697 7.6123 14.9745 7.5% 2.0610 4.2479 8.7550 18.0442 8.0% 2.1589 4.6610 10.0627 21.7245 8.5% 2.2610 5.1120 11.5583 26.1330 9.0% 2.3674 5.6044 13.2677 31.4094 9.5% 2.47826.1416 15.2203 37.7194 10.0% 2.5937 6.7275 17.4494 45.2593 10.5% 2.7141 7.3662 19.9926 54.2614
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