Asked Dec 10, 2019

The future value of $500 to be received at the end of each year for seven years at a
discount rate of 8 percent is ? .


Expert Answer

Step 1

Computation of future value:

Therefore, the future value is $4,461.40.


Image Transcriptionclose

P7 A B Particulars 2 PMT -500 3 NPER 8% 4 r 5 FV $4,461.40 6. 8.


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