Futur Value Twice

Futur Value Twice

Question # 00045639 Posted By: Apollo1203 Updated on: 01/31/2015 10:37 PM Due on: 01/31/2015
Subject Accounting Topic Accounting Tutorials:
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Assume you are to receive a 20-year annuity with annual payments of $60. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 20. You will invest each payment in an account that pays 8 percent. What will be the value in your account at the end of Year 35?
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  1. shortone
    Tutorial # 00043927 Posted By: shortone Posted on: 01/31/2015 10:48 PM
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