contestada

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of the same annuity due?

Respuesta :

Karabo99

Answer:

The future value of the same annuity due is $9307.50

Explanation:

FVA6 = 8500*(1 + 9.5%)

         = $9307.50

Therefore, The future value of the same annuity due is $9307.50