5. You receive payments of $10,000 per year from a family trust, but you don't need thatmoney 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= 10,000r = 0.02t = 10(1 = i)^nFV = 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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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?

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?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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