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Homework Answers
Future value of annuity = C*((1+r)t−1) / r)
C = $1,100
r = 8% / 4 = 0.02
t = 17*4 = 68
Future value of annuity = 1,100* (((1+0.02)68−1) / 0.02)
Future value of annuity = 1,100 * 142.21 = $156,433.78
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This question has been answered incorrectly twice. Please do not attempt if you cannot do correctly....
This question has been answered incorrectly twice. Please do not
attempt if you cannot do correctly. Thank you.
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This question has been answered incorrectly twice. Please do not
attempt if you cannot do correctly. Thank you.
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