5. You receive payments of $10,000 per year from a family trust, but you don't need that money right now. ind FV Annuity: If you deposit your annual payments into an account earning 2% per year, hat will be the account balance in 10 years? = 10,000 = 0.02 = 10 [(1 = i)^n V = C =? ind FV Annuity: If you deposit your annual payments into an account earning 2% per year, hat will be the account balance in 5 years?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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5. You receive payments of $10,000 per year from a family trust, but you don't need that
money right now.
Find FV Annuity: If you deposit your annual payments into an account earning 2% per year,
what will be the account balance in 10 years?
C= 10,000
r = 0.02
t = 10
(1 = i)^n
FV = C
=?
Find FV Annuity: If you deposit your annual payments into an account earning 2% per year,
what will be the account balance in 5 years?
Transcribed Image Text:5. You receive payments of $10,000 per year from a family trust, but you don't need that money right now. Find FV Annuity: If you deposit your annual payments into an account earning 2% per year, what will be the account balance in 10 years? C= 10,000 r = 0.02 t = 10 (1 = i)^n FV = C =? Find FV Annuity: If you deposit your annual payments into an account earning 2% per year, what will be the account balance in 5 years?
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