FIN 370 5-5A (Compound annuity)
Axia College of University of Phoenix (UoP)
Financial Management: Principles and Applications by Keown
Chapter Study Questions
Resource: Chapter 5 of the Financial Management
5-5A (Compound annuity) What is the accumulated sum of each of the following streams of payments?
$500 a year for 10 years compounded annually at 5 percent
$100 a year for 5 years compounded annually at 10 percent
$35 a year for 7 years compounded annually at 7 percent
$25 a year for 3 years compounded annually at 2 percent
