# Future Value of Annuity

What is the accumulated sum of each of the following streams of payments?

a. $500 a year for 10 years compounded annually at 5 percent

b. $100 a year for 5 years compounded annually at 10 percent

c. $35 a year for 7 years compounded annually at 7 percent

d. $25 a year for 3 years compounded annually at 2 percent

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#### Solution Preview

What is the accumulated sum of each of the following streams of payments?

Note: FVIFA = future value factor for annuity (to be read from tables)

a. $500 a year for 10 years compounded annually at 5 percent

n= 10

r= 5.00%

FVIFA (10 periods, 5.% rate ) ...

#### Solution Summary

Calculates the future value of annuities.

$2.19