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