If you start making $170 monthly contributions today and continue them for five years, whats...

60.1K

Verified Solution

Question

Accounting

If you start making $170 monthly contributions today and continue them for five years, whats their future value if the compounding rate is 10.50 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students