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what is the future value of a 5year ordinary annuity that promises to pay $300 each year. Interest rate 7%?

06 Jun

No I won’t be spending the money. What value after 5 years

 
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  1. Spock (rhp)

    June 6, 2010 at 1:22 pm

    if the annuity is to pay you and stops after 5 years and you’ve spent the money, the FUTURE value is zero.

    if the facts are different, please clarify the situation and we’ll try again.