Future value and future value of an annuity

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Reference no: EM131870456

1. Future Value of an Annuity What is the future value of a $1,200 annuity payment over 10 years if the interest rates are 8 percent?

$12,960.00

$13,723.07

$2,590.71

$17,383.87

2. Future Value Compute the future value in year 9 of a $440 deposit in year 4 and another $240 deposit at the end of year 5 using a 9% interest rate.

$1,476.89

$964.40

$1,144.40

$1,015.77

Reference no: EM131870456

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