1 find future value of annuity due with annual payments of, Ask an Expert

Finance

1. Find future value of annuity due with annual payments of $500 for the next 12 years and annual interest rate of 2%. Show your calculator inputs or an Excel formula.

2. Michael Wittry has been investing in his Roth IRA retirement account for 20 years. Five years ago, his account was worth $215,648. After losing 1/4l of its original value, it then gained 1/3 of its new value back. What is the current value of his Roth IRA? (Do not round intermediate calculations.)

Current value $ ______

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92801231

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