# Example 2 Future Value of an Annuity Chapter 5.6 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded.

## Presentation on theme: "Example 2 Future Value of an Annuity Chapter 5.6 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded."— Presentation transcript:

example 2 Future Value of an Annuity Chapter 5.6 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.  2009 PBLPathways

Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. Future Value of an Ordinary Annuity If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate i at the end of the period, the future value of the annuity is

 2009 PBLPathways Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. Future Value of an Ordinary Annuity If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate i at the end of the period, the future value of the annuity is

 2009 PBLPathways Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. Future Value of an Ordinary Annuity If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate i at the end of the period, the future value of the annuity is

 2009 PBLPathways Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. Future Value of an Ordinary Annuity If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate i at the end of the period, the future value of the annuity is

 2009 PBLPathways Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. Future Value of an Ordinary Annuity If R dollars are contributed at the end of each period for n periods into an annuity that pays interest at rate i at the end of the period, the future value of the annuity is

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months.

 2009 PBLPathways n 4 812.08 8 1657.13 12 2536.50 16 3451.57 20 4403.80 24 5394.69 28 6425.82 32 7498.81 36 8615.38 Harry deposits \$200 at the end of each month into an account that pays interest 12% per year, compounded monthly. Find the future value for every 4-month period, for up to 36 months. n S

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