What is the future value of five-year ordinary annuity

Reference no: EM13160437

1. If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually? What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?

Reference no: EM13160437

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