Question
What is the future value of the following annuity? # of periods = 10 Interest rate = 5.25% Compounding times per period = 12 Cash
What is the future value of the following annuity?
# of periods = 10
Interest rate = 5.25%
Compounding times per period = 12
Cash flow (PMT) = 1000
Growth Rate = 3%
# of payments per period = 12
This is an ordinary annuity
A: 1288681
B: 1176802
C: 1236469
D: 1326114
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Accounting Information Systems
Authors: Cynthia D Heagy, Constance M Lehmann
7th Edition
1111219516, 978-1111219512
