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    Exam 5: Time Value of Money 2: Analyzing Annuity Cash Flows
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    What Is the Future Value of a $500 Annuity Payment
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What Is the Future Value of a $500 Annuity Payment

Question 24

Question 24

Multiple Choice

What is the future value of a $500 annuity payment over 8 years if interest rates are 14%?


A) $6,241.09
B) $6,616.38
C) $6,750.14
D) $6,809.72

Correct Answer:

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