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QS B-7 Future value of an annuity LO P4 Claire Fitch is planning to begin an individual retirement program in which she will invest $3,000

QS B-7 Future value of an annuity LO P4

Claire Fitch is planning to begin an individual retirement program in which she will invest $3,000 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 10%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round FVA factor to 4 decimals.)

Periodic Cash Flow x f (FV of an Ordinary Annuity) = Future Value
x =

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