Future Values of Annuity Streams
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Calculate the future value of the following annuity streams:
a. $5,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.
b. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.
c. $5,000 received each year for 5 years on the first day of each year if your investments pay 6 percent compounded annually.
d. $5,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.
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The solution computes the Future Values of Annuity Streams.
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Check the attached sheet. The calculation are complex to do manual thats why excel is used.
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