Explore BrainMass
Share

Future value

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.

© BrainMass Inc. brainmass.com June 22, 2018, 8:21 pm ad1c9bdddf

Solution Summary

The solution calculates the future value for the given scenario

$2.19