SOLUTION: if you can save 7000 by not cashing in an ira now and investing in in an 8% annuity what is thne future value in five years

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Question 354380: if you can save 7000 by not cashing in an ira now and investing in in an 8% annuity what is thne future value in five years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=7000(1+0.08)^5
A=7000*1.46932
A=10,285.30