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Title: Find the future value for the annuity due with the given rate. Payments of $ 200 200 for 7 7 ... Post by: Catracho on Dec 7, 2018 Find the future value for the annuity due with given rate
payments of $200 for 7 years at 0.37% compounded quarterly the future value of the annually due is $? Title: Re: Find the future value for the annuity due with the given rate. Payments of $ 200 200 for 7 7 ... Post by: bio_man on Dec 7, 2018 Use the annuity formula:
\(A=\frac{R\left[\left(1+i\right)^n−1\right]}{i}\) Where: A=future value amount R=regular deposit/payment i=interest rate per compounding period n=total number of deposits R = $200 i = 0.37 / 100 / 4 (quarterly) n = 7 * 4 (quarterly) \(A=\frac{200\left[\left(1+0.000925\right)^{28}−1\right]}{0.000925}=5670.49\) |