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What is the future value of an annuity of $100 received at the end of each year for seven years? The first payment will be
What is the future value of an annuity of $100 received at the end of each year for seven years? The first payment will be received one year from today (round to nearest $10). The discount rate is 13%. To solve this problem with a financial calculator, the correct choice is
a N=7, i=13, PMT= 100, PV=100, solve for FV.
b N=7, i=13, PMT= 100, PV=0, solve for FV.
c N=7, i=13, PMT= 0, PV=100, solve for FV.
d N=7, i=.13, PMT= 0, FV=0, solve for FV.
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