What is the future value of a 5-year annuity due that promises to pay you $300 each year? Assume that all payments are reinvested at 7 percent a year, until Year 5.
What is the future value of a 5-year annuity due that promises to pay you $300 each year? Assume that all paym
16
Mar
mark a
March 16, 2010 at 7:04 pm
1725.22
Black Swan
March 16, 2010 at 7:53 pm
The above answer is for an ordinary annuity (payments at end of period). For an annuity due the FV is $1845.99.