Find future value of an annuity due with annual payment $10000,
3years at 3% annual interest using simple interest formula. What is the future
value of Annuity? How much invested? How much interest was earned? Round to
nearest cent as needed
Interest on First
annuity = 10000*0.03* 2 =100*3*2 =600
Interest on second
annuity = 10000*0.03*1 =100*3*1 =300
Total annuity paid =
Total invested =20,000
if we leave third payment
Total invested =30,000
if we include third payment
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