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Future value of an annuity. For the case below answer the questions that follow:

Future value of an annuity. For the case below answer the questions that follow:
amount of annuity $3500
interest rate 10%

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deposit period 8 years

calculate the future value of the annuity assuming that it is
1. an ordinary annuity
2. an annuity due
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Answer
Amount of annuity
$3500
Interest rate
10% i.e..1
No. of Years
8
Calculate the future value of the annuity assuming that it is
1. An ordinary annuity
Future Value = C *
i
= $3,500
.1
= $3,500...

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