Math question Help needed

Accounting
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The future value of $10,000 annuity deposited at 12% compounded annually for each of next 5 years is? (Round To The Nearest Whole Dollar)

Jun 17th, 2015

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Jun 17th, 2015

FV   =   P (1  +  r / n)Yn 

here; r = 12%, n = 5, P = $10,000

FV   =   $10,000 x (1  +  .12)5

  FV = $17,623.42

Jun 17th, 2015

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Jun 17th, 2015
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