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alina1380 [7]
1 year ago
9

What is the future value of a 500 annuity payment over wight years if interest rates are 14 percent?

Business
1 answer:
Setler [38]1 year ago
6 0

The future value of a 500 annuity payment over wight years if interest rates are 14 percent is $6,616.38.

The value of an asset at a future date is its future value. It is the present value multiplied by the accumulation function, and it estimates the nominal future sum of money that a certain amount of money is "worth" at a given point in the future under the assumption of a specific interest rate, or rate of return. The value is unadjusted for inflation or any other future-related variables that may impact the real value of money. Calculations of the time worth of money use this.

The value of money changes over time; for example, $100 now is worth less than $100 in five years. This is because $100 invested today in a stock, a bond, or any other investment will grow or decrease depending on the rate of return. Additionally, due to inflation (an increase in the purchasing price), if $100 is used to acquire an item today, it's probable that $100 won't be enough to do so in five years.

Learn more about future value here:

brainly.com/question/14860893

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