1. Future Value of an Annuity What is the future value of a $1,200 annuity payment over 10 years if the interest rates are 8 percent?
$12,960.00
$13,723.07
$2,590.71
$17,383.87
2. Future Value Compute the future value in year 9 of a $440 deposit in year 4 and another $240 deposit at the end of year 5 using a 9% interest rate.
$1,476.89
$964.40
$1,144.40
$1,015.77