Finance Question?

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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.

2007-01-31 06:11:02 · 2 answers · asked by **LIBERTY** 1 in Education & Reference ➔ Homework Help

I think we may need more information. How much are you starting with, and does $300 represent the entire 7% earnings?

2007-01-31 06:42:53 · answer #1 · answered by Steve71 4 · 0⤊ 0⤋

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2015-02-10 06:55:51 · answer #2 · answered by Leda 1 · 0⤊ 0⤋