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2 years ago

What is the future value of an annuity due that pays $550 per year for 18 years? Use an annual interest rate of 8.00%.

Business

1 answer:

OverLord2011 [107]2 years ago

4 0

Answer:

$22,245.44

Explanation:

For computing the future value we need to apply the future value which is to be shown in the attachment below:

Provided that,

Present value = $0

Rate of interest = 8%

NPER = 18 years

PMT = $550

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula, the future value is $22,245.44

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Answer:

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Inc. reported the following information about the production and sale of its only product during the first month of operations:

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Answer:

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3 years ago

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The goals of labor are such that they want better pay and working conditions.

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