For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Future Value Annual Payment Years Interest Rate $ 1,580 10 5% $ 6,980 39 6 $ 3,780 9 3 $ 8,490 34 7

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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For each of the following annuities, calculate the future value.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Future Value
Annual Payment
Years
Interest Rate
$
1,580
10
5%
$
6,980
39
6
$
3,780
9
3
$
8,490
34
7
Transcribed Image Text:For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Future Value Annual Payment Years Interest Rate $ 1,580 10 5% $ 6,980 39 6 $ 3,780 9 3 $ 8,490 34 7
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