Ordinary Simple Annuity Future Value

Calculate the future value of an ordinary simple annuity with a payment of $1000 per year, an interest rate of 5%, and a time period of 10 years.

• The future value of the annuity is $12,578.86.

• The future value of the annuity is $10,000.

• The future value of the annuity is $8,000.

• The future value of the annuity is $15,000.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.1

CCSS.HSA.REI.B.3

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

If the annual payment for an ordinary simple annuity is $2000, the interest rate is 8%, and the time period is 5 years, what is the future value?

• The future value is $11,469.92.

• The future value is $9,000.

• The future value is $12,500.

• The future value is $10,000.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.2

A person deposits $500 at the end of each year into an account that pays 6% interest. What will be the future value after 8 years?

• $3,000.00

• $5,000.00

• $4,000.00

• $4,661.84

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.3

What is the future value of an ordinary simple annuity with an annual payment of $1500, an interest rate of 4%, and a time period of 12 years?

• The future value of the annuity is $15,000

• The future value of the annuity is $25,000

• The future value of the annuity is $21,731.84

• The future value of the annuity is $10,000

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

If the annual payment for an ordinary simple annuity is $3000, the interest rate is 7%, and the time period is 8 years, what is the future value?

• The future value is $25,000.

• The future value is $30,000.

• The future value is $20,000.

• The future value is $35,000.

Calculate the future value of an ordinary simple annuity with a payment of $1200 per year, an interest rate of 3.5%, and a time period of 15 years.

• The future value of the annuity is $10,000.

• The future value of the annuity is $15,000.

• The future value of the annuity is $25,000.

• The future value of the annuity is $21,720.96.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSF.BF.A.1

A person deposits $800 at the end of each year into an account that pays 5% interest. What will be the future value after 6 years?

• $5,139.50

• $3,000.25

• $6,500.75

• $4,200.00

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

What is the future value of an ordinary simple annuity with an annual payment of $1000, an interest rate of 6%, and a time period of 20 years?

• The future value is $10,000

• The future value is $20,000

• The future value is $34,439.89

• The future value is $40,000

Tags

CCSS.HSA.CED.A.1

If the annual payment for an ordinary simple annuity is $2500, the interest rate is 9%, and the time period is 7 years, what is the future value?

• The future value is $22,000.00

• The future value is $20,000.00

• The future value is $18,500.00

• The future value is $21,013.47

Tags

CCSS.HSA.CED.A.2

Calculate the future value of an ordinary simple annuity with a payment of $1800 per year, an interest rate of 4.5%, and a time period of 25 years.

• The future value of the annuity is $75,000.36

• The future value of the annuity is $25,000.36

• The future value of the annuity is $100,000.36

• The future value of the annuity is $50,000.36

Tags

CCSS.HSA.CED.A.1

CCSS.HSN.Q.A.2