Part III- The Time Value of Money
11.8: Annuities- Practice Problems
101 of 150 · 84 words
From Introduction to Financial Analysis by LibreTexts (Kenneth S. Bigel, Touro University), used under the CC BY 4.0 licence. Written for a general audience, not for NEPSE.
For each of the following problems, solve for both the present- and future values of the given annuity – at the given rate and for the stated number of years . Try not to look at the solutions in the table below.
- 1$2000 each year for 5 years @ 5% = _________
- 2$1,000 each year for 10 years @ 5% = __________
- 3$1,000 each year for 10 years @ 10% = __________
- 4$500 every six months (semiannually) for 10 years @ 10% = __________
This chapter at LibreTexts (Kenneth S. Bigel, Touro University). Tables and text are reproduced; images, videos and quizzes are not.