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