# Future Value of an annuity

Your uncle has agreed to deposit $3,000 in your brokerage account at the beginning of each of the next five year (t=0,t=1,t=2,t=3 and t=4) You estimate that you can earn 9 percent a year on your investments. How much will you have in your account four years from now (at t=4) Assume that no money is withdrawn from the account until t=4

A 13,719.39

b. 17,954.13

c 19,570.00

d 21,430.45

e 22,436.12

https://brainmass.com/business/annuity/future-value-annuity-194634

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Your uncle has agreed to deposit 3,000 in your brokerage account at the beginning of each of the next five year (t=0,t=1,t=2,t=3 and t=4) You estimate that you can earn 9 percent a year on your investments. How much will ...

#### Solution Summary

The solution calculates Future Value of an annuity.

$2.19