Homework help needed

Accounting
Tutor: None Selected Time limit: 1 Day

Calculate the future value of annuity, with case A being an ordinary annuity and case B being an annuity due.

Case A= $10,000 Annuity/ Interest rate 5%/ Deposit period 4 years

Case B= $6,000 Annuity/ Interest rate 9%/ Deposit period 6 years

 

Jun 22nd, 2015

Thank you for the opportunity to help you with your question!

A) $43,100

B) $49,200

There you have it!

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015

States these answers are incorrect


Jun 22nd, 2015

Those are pretty straightforward. The only way that is incorrect is if there's missing data. For A and B, 10,000 and 6,000 are being deposited at the end of each period, the interest rate is annual interest, and the deposit period refers to the total number of periods.

Tell me if any of that is incorrect.

Jun 22nd, 2015

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Jun 22nd, 2015
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Jun 22nd, 2015
Dec 4th, 2016
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