2007-06-26 04:21:17 · 2 answers · asked by blondie42 1 in Business & Finance ➔ Personal Finance
No I won't be spending the money. What value after 5 years
2007-06-26 04:37:07 · update #1
if the annuity is to pay you and stops after 5 years and you've spent the money, the FUTURE value is zero.
if the facts are different, please clarify the situation and we'll try again.
2007-06-26 04:25:37 · answer #1 · answered by Spock (rhp) 7 · 0⤊ 0⤋
The FV of this Annuity Due is 0. yet once you reinvest the $3 hundred on the 1st day of each 3 hundred and sixty 5 days for 5 yrs, at 10%, then on the 1st day of three hundred and sixty 5 days 5, in the previous making an investment the appropriate $3 hundred, its fee would be a million,531.fifty 3. After the 5th reinvestment, it's going to be worth a million,831.fifty 3. on the top of three hundred and sixty 5 days 5, its fee would be 2,014.sixty 8. So the FV of an Annuity Due of $3 hundred, at 10%, for 5 yrs, is its fee on the top of the 5th 3 hundred and sixty 5 days. it truly is 2,014.sixty 8.
2016-11-07 11:47:06 · answer #2 · answered by tahir 4 · 0⤊ 0⤋