Determine how much you will have accumulated in the account

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Reference no: EM131628505

1] Assume you have $2,500 to invest today at 5% interest compounded annually.

Determine how much you will have accumulated in the account at the end of:

   5 years

  10 years

2] Assume instead an annuity of $2,500 (which means you will invest $1,500 per year) which will also be compounded at 5% interest annually.

Determine how much you will have accumulated in the account at the end of (future value)

5 years

10 years

Reference no: EM131628505

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