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The Present Value of the Future Value of an annuity compares the two ways of saving money, the first using an annuity, a
Posted: Thu May 19, 2022 12:20 am
by answerhappygod
- The Present Value Of The Future Value Of An Annuity Compares The Two Ways Of Saving Money The First Using An Annuity A 1 (25.99 KiB) Viewed 84 times
The Present Value of the Future Value of an annuity compares the two ways of saving money, the first using an annuity, and the second using a lump sum to achieve the same future value. Step one is to calculate the future value of the annuity, and then step 2 calculate the lump sum for a compound interest account. Find the present value of the future value of an annuity that has monthly deposits of $425, for 26 years at 5% APR I Round to the nearest dollar