Future Value of an Ordinary Annuity

Calculate the future value of an ordinary annuity with a periodic payment of $100, interest rate of 5%, compunded annually for 5 years.

• 200.25

• 450.75

• 600.25

• 552.56

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

If the future value of an ordinary annuity is $10,000, the interest rate is 8%, compounded semiannually for 5 years, what is the periodic payment?

• $500.47

• $833.33

• $2,000.52

• $10,000

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

What is the future value of an ordinary annuity with a periodic payment of $200, interest rate of 6%, and compounded quarterly for 2 years?

• The future value of the annuity is $2,000.

• The future value of the annuity is $1,500.62

• The future value of the annuity is $1,686.57

• The future value of the annuity is $1,000.19

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.BF.A.2

CCSS.HSF.LE.A.2

If the future value of an ordinary annuity is $15,000, the interest rate is 4%, compounded monthly for 1 year, what is the periodic payment?

• $2,000.40

• $1,227.24

• $500.39

• $1,500.00

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.A.2

CCSS.HSA.SSE.B.3

If the future value of an ordinary annuity is $20,000, the interest rate is 9%, and compounded semiannually for 7.5 years, what is the periodic payment?

• $962.28

• $15,000.00

• $500.28

• $2,000.00

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

If the future value of an ordinary annuity is $25,000, the interest rate is 5%, and it is compounded quarterly for 5 years, what is the periodic payment?

• $1,108

• $3,000.25

• $1,200.50

• $2,500

If the future value of an ordinary annuity is $30,000, the interest rate is 7%, compounded annually for 25 years, what is the periodic payment?

• $2,000.00

• $474.31

• $800.15

• $500.35

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2