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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.

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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:

1 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

2 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.

3  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

4  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

5  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

6  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

7  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

8  2009 PBLPathways n 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.

9  2009 PBLPathways n 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.

10  2009 PBLPathways n 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.

11  2009 PBLPathways n 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.

12  2009 PBLPathways n 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.

13  2009 PBLPathways n 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.

14  2009 PBLPathways n 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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