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1 You expect to make equal payments of $9670.00 at the end of each month over the next 9 years into a new bank account earning interest at 8%. What is the future value of the annuity stream, if the frequency of compounding is 12 times per year?

2. You expect to make equal payments of $8940.00 at the end of each of the next 3 years into a new bank account earning interest at 4%. What is the future value of the annuity stream?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92810054

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