menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 3
  4. Exam
    Exam 5: Time Value of Money 2: Analyzing Annuity Cash Flows
  5. Question
    What Is the Future Value of a $500 Annuity Payment
Solved

What Is the Future Value of a $500 Annuity Payment

Question 159

Question 159

Multiple Choice

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


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q151: Joey realizes that he has charged too

Q152: People refinance their home mortgages<br>A) when rates

Q153: A mortgage broker is offering a 30-year

Q154: Your firm needs to buy additional physical

Q155: Your current $95,000 mortgage calls for monthly

Q156: You started your first job after graduating

Q157: Given an 8 percent interest rate, compute

Q158: A loan is offered with monthly payments

Q160: If you start making $25 monthly contributions

Q161: Compounding monthly versus annually causes the interest

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines