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Find the future value of both annuities

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Reference no: EM133612191

Lita Wanda wishes to select the better of two ten-year annuities.

Annuity X is an ordinary annuity of Sh.250, 000 per for 10 years.

Annuity Y is an annuity due of Sh.220, 000 per for ten years.

Question: Find the future value of both annuities assuming that Rita can earn (1) 10% annual interest, (2) 20% annual interest.

Reference no: EM133612191

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