You have decided to start saving money for your future. What is the future value of a 17-year annuity of $2.500 per year, assuming that you make your first payment today and the interest rate is 7 percent? (Enter your answer as a positive number rounded to 2 decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You have decided to start saving money for your future. What is the future value of a 17-year annuity of $2.500 per year, assuming that
you make your first payment today and the interest rate is 7 percent? (Enter your answer as a positive number rounded to 2 decimal
places.)
Answer is complete but not entirely correct.
Future
value
102.497.50
L
Transcribed Image Text:You have decided to start saving money for your future. What is the future value of a 17-year annuity of $2.500 per year, assuming that you make your first payment today and the interest rate is 7 percent? (Enter your answer as a positive number rounded to 2 decimal places.) Answer is complete but not entirely correct. Future value 102.497.50 L
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