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Nadya [2.5K]
3 years ago
6

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of th

e same annuity due?
Business
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

The future value of the same annuity due is $9307.50

Explanation:

FVA6 = 8500*(1 + 9.5%)

         = $9307.50

Therefore, The future value of the same annuity due is $9307.50

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