TVM calculator, compare the following if the investment pays 7%/a compound annually and payments are made until age 65. Calculate the future value of each investment and the total amount paid in. which would you choose? a) depositing $1500 every year starting at age 20. b) deposi

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A: Fv = 81174.68 Pv = 15000 rate = r = 10.6% = 0.883% pm

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A: Calculate the present value as follows: Present value = Future value / (1+rate)^years.

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A:

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A: Future Value of Annuity: It represents the future worth of the present annuity cash flow stream. It…

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A: Present Value of Investment = Annual Return x Present Value of Annuity Factor

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Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.