Question

For each of the following annuities, calculate the future value.(Enter rounded answers as directed, but...

For each of the following annuities, calculate the future value.(Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Future ValueAnnual PaymentInterest Rate                       Years

$

$1,580

5%


10

$


6,980

6



39

$


3,780

3



9

$


8,490

7



34

Homework Answers

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

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