Future Value Annuities - Starting with Nothing

If $450 is invested every month into an account that pays 4.1% p.a. interest compounded monthly, what is the value of the account after 7 years?

• $26,450

• $29,910.23

• $15750

• $450

Natasha invests $860 a month into an account paying 3.8% p.a. interest compounded monthly. How much money will be in the account after 4 years?

• $41,280

• $33, 880.32

• $44,506.54

• $86,000

Luke invests $260 a fortnight into an account returning 5% p.a. interest compounded fortnightly.

What will be the future value of the account in 3 years?

• $21,857.36

• $781.50

• $20, 280

• 25, 400.20

James invests money into an account every month for 2 years. After 2 years the account contains $17,976.29. If the interest returned on the account is 4.1% p.a. compounded monthly, how much was invested each month?

• $800

• $658.25

• $749.01

• $720

An savings account contains $50,000 after 8 years of saving. If the account returned 3.9% p.a. compounded weekly, how much money was deposited each week?

• $102.46

• $100

• $87.20

• $120.19

A future value annuity, paying interest monthly, contains $87987.82. To save this, $1100 was invested every month for 6 years.

What rate of interest was paid on the account?

• 3% p.a.

• 3.5% p.a.

• 4% p.a.

• 4.3% p.a.

Indiana invests $400 fortnightly into an account. If he accumulates $50,941 after 4.5 years, and interest is paid fortnightly, what rate of interest was paid?

• 1.7%% p.a.

• 3.5% p.a.

• 3.75% p.a.

• 4.1% p.a.