document.write( "Question 97952: I can not get the answer to this question. I know that Input is N = 5; I = 7; PMT = -300; FV = ?. Output is PV = ?. However, I do not have a finance calculator. I do not have to actually use a calculator for this class either.\r
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document.write( "What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year? The rate of interest is 7 percent.
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Algebra.Com's Answer #71237 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Using a TI-83 I get: \n" ); document.write( "FV = $1725.22 \n" ); document.write( "PV = 0 \n" ); document.write( "============== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |