Answer to Question #171429 in Financial Math for King

Question

Future value of annuity

balbina invested 2,500 at the end of every 3-month period for 5 years?

Answer 1

$FV=PV×\frac{((1+r)^{n}-1)}{r}$

Where FV is then future value of annuity

r is interest rate and nu is number of years which is five but the interest rate was not given and the payment is on quarterly basis.

It will be difficult to determine the Future value of annual because the rate if interest was not given.