Asked by Sam
                Please help me solve this question. 
Find the value of the annuity.
a=1000 I=0.06,n=25?
what is the future value of annuity?
(round to the nearest cent.)
            
        Find the value of the annuity.
a=1000 I=0.06,n=25?
what is the future value of annuity?
(round to the nearest cent.)
Answers
                    Answered by
            Reiny
            
    Present value = 1000( 1 - 1.06^-25)/.06
= 12783.36
future value of annutiy = 1000( 1.06^25 - 1)/.06
= 54864.51
    
= 12783.36
future value of annutiy = 1000( 1.06^25 - 1)/.06
= 54864.51
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.