Homework help needed

label Accounting
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schedule 1 Day
account_balance_wallet $5

The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3% is? (Rounded to the nearest whole dollar)

Jun 22nd, 2015

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Jun 22nd, 2015


Future Value of Annuity Formula


FV = 1000[(1+0.03)-1] /0.03

FV = $1,343.92


Jun 22nd, 2015

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Jun 22nd, 2015

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Jun 22nd, 2015
Oct 16th, 2017
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