Future Value of an Annuity

It is a series of equal payments at regular intervals.

• Interest

• Annuity

• Logic

• Proposition

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CCSS.HSA.SSE.B.4

Kailee saves $500 at the end of each quarter in an ordinary annuity earning 6.2% interest compounded quarterly. How much will Kailee have saved in 20 years?

• Future value = 78,058.07

• Future value = 78,158.07

• Future value = 87,258.07

• Future value = 38,158.07

Tags

CCSS.HSF.BF.A.2

Summer saves $2,000 at the end of each six month period in an ordinary annuity earning 6% interest compounded semiannually. How much will Summer have saved in 4 years

• Future value = 16,000

• Future value = 27,784.68

• Future value = 32,000

• Future value = 17,784.68

Tags

CCSS.HSF.BF.A.2

Kiersten deposits $200 in an ordinary annuity at the end of each month in an account that earns 7% interest compounded monthly. What is the future value of Kiersten's annuity in 40 years?

• Future value = 524,962.68

• Future value = 425,962.68

• Futur value = 544,962.68

• Future value = 96000

What is the definition of annuity ?

• A series of equal amount of payment /deposits made at equal intervals time

• A series of equal amount of discount made at equal intervals time

• A series of equal amount of annuity made at equal intervals time

• A series of marvel movie !

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CCSS.HSF-LE.A.1C

John deposits $2,000 yearly into a retirement account (annuity). The account pays 7% compounded annually. How much money will be in the account after 25 years?

• $78,268.97

• $126,498.08

• $42,160.07

• $124,498.10

Tags

CCSS.HSF.BF.A.2

You wish to accumulate $50,000 in 15 years for a down payment on a car. You deposit a certain amount every twelve months into an account earning 3.5% compounded monthly. Find the required payment amount to accomplish your goal. Round to the hundredths place (nearest cent).

Draw a meme about Math

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CCSS.7.EE.B.4A