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    Calculating the Future Value of Annuity

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    Let's say I just won the lottery. What is the future value in 10 years of $1,000 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 5.625%.

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    https://brainmass.com/business/annuity/calculating-future-value-annuity-90021

    Solution Summary

    This provides the steps to calculate the Future value of annuity

    $2.19

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