or the annuity?
BQ: Where would you put it? Money Market? Stocks? Banks are only insured up to $250,000.00 per account so where do people with that much money put their cash?
or the annuity?
BQ: Where would you put it? Money Market? Stocks? Banks are only insured up to $250,000.00 per account so where do people with that much money put their cash?
The rate of interest is 7 percent.
No I won’t be spending the money. What value after 5 years
What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year? The rate of interest is 7 percent.
Assume that all payments are reinvested at 7 percent a year, until Year 5.
Can anyone tell me what the future value of the annuity is and specifically how to come up with the answer?
What is the future value of a 5-year annuity due that promises to pay you $300 each year? Assume that all payments are reinvested at 7 percent a year, until Year 5.