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what is the future value of a 3 - year, $200 ordinary annuity if the annual interest rate is 4%? please draw the time line and list the inputs of your financial calculator.

F. (1) What is the future value of a 3-year, $200 ordinary annuity if the annual interest rate is 4%? Please draw the time li
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Answer #1

Inputs in the financial calculator:
(I am using BA II Plus, Texas instruments).
Please Enter.
3 = N
4 = I/Y  
-200 = PMT

now enter CPT+ FV
FV= +624.32

The timeline diagram is below.

3 2. 200 200 200 tutne Value at t 3 FV=64.32

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