Answer to Question #171440 in Financial Math for King

Question #171440

Future value of ordinary annuity

what is the future value of an annuity if the size of each payment is 2,500 payable at the end of each quarter for five years at an interest rate of 16% compounded quarterly?

Expert's answer

$FVa = \frac{2,500×((1 + 0.16/4)^{20} - 1)} {0.16/4} = 74,445.2.$

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Future value of ordinary annuitythe bethel hardware store has been in business for a few years and i
2. Future value of ordinary annuityBambi is planning for her retirement. She deposits 300,000 at the en
3. future value of ordinary annuitybab savings and loan is paying 6% interest compounded monthly. How m
4. Future value of annuitybalbina invested 2,500 at the end of every 3-month period for 5 years?
5. future value of ordinary Annuitymetrobank is paying 8% interest compounded quarterly. Find the futur
6. Compound amountfind the difference between investment (a) and (b) 150,000 is invested for five years
7. Compound amountfind the compound amount and the interest on 100,000 at 6% compounded semi-annually f