spicy cinnamon
Mar 8, 2009, 05:18 PM
What's the future value of a 7 percent, 5 year ordinary annuity that pays $300.00 each year? If this were an annuity due, what would its future value be?
I am using a financial calculator and is having problems arriving at the correct answer. I tried the examples in the book; however my answer does not match, I cannot set the beginning and ending mode accuratly. Thanks for your help.
I am using a financial calculator and is having problems arriving at the correct answer. I tried the examples in the book; however my answer does not match, I cannot set the beginning and ending mode accuratly. Thanks for your help.