Purchase Solution

Future value

Not what you're looking for?

Ask Custom Question

What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year?
The rate of interest is 7 percent.

Purchase this Solution

Solution Summary

The solution calculates the future value for the given scenario

Purchase this Solution


Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.