Calculate the future value of an annuity. The final option your grandmother presented to you was to receive a regular annuity payment $700 over 5 years and she wanted you to calculate the annuity’s future value with an ROI of 8%. Do you chose this option? Why or why not?
Time Value of Money and You Uncertain economic times intensify the importance of wise personal financial decisions. Each year, more than a million people declare bankruptcy and Americans lose more than a billion dollars in fraudulent investments. Both of these common difficulties result from poor personal financial planning and incomplete information. Your ability to make […]