Year 12 Maths Standard 2 (2027)
Annuities
Future Value of an Annuity (FV Tables)
ACCOUNT REQUIRED
Unlock all 20 questions & worked solutions
You're viewing a free preview. Create an account to access the complete question set, step-by-step solutions, and progress tracking.
All Questions
Access the full question set for every topic.
Worked Solutions
Step-by-step explanations for every answer.
Track Progress
Mark questions right or wrong and monitor your growth.
It's Free
No credit card required - sign up in under a minute.
Questions
Question 1
189247
Ravi deposits $2000 into an account at the end of each year for 3 years. The account earns 8% p.a. compounded annually. Use the table of future-value factors to find the future value of the annuity.
Future value of an annuity of $1
| Period | 2% | 4% | 6% | 8% | 10% |
|---|---|---|---|---|---|
| 1 | 1.0000 | 1.0000 | 1.0000 | 1.0000 | 1.0000 |
| 2 | 2.0200 | 2.0400 | 2.0600 | 2.0800 | 2.1000 |
| 3 | 3.0604 | 3.1216 | 3.1836 | 3.2464 | 3.3100 |
| 4 | 4.1216 | 4.2465 | 4.3746 | 4.5061 | 4.6410 |
| 5 | 5.2040 | 5.4163 | 5.6371 | 5.8666 | 6.1051 |
| 6 | 6.3081 | 6.6330 | 6.9753 | 7.3359 | 7.7156 |
📚 Want More Questions?
There are 19 more questions available. Create your free account to access the complete question set with detailed solutions.