variable solving future annuity problem quizlet

The variable that you are solving for in a future value of an annuity problem is Quizlet

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Which of the following is the formula for the future value of an annuity quizlet?

The formula for the future value of an annuity factor is [(1+r)t-1]/r.

How can you find the future value quizlet?

The formula for determining the future value of a single dollar amount when using the future value interest factor is: FV = PV × FVIFi,n. In order to find the correct future value interest factor, you must know the interest rate and the number of periods the money is invested.

What happens to the future value of an annuity as the interest rate increases quizlet?

What happens to the future value of an annuity if you increase the rate r ? Assuming positive cash flows and interest rates, the future value will rise.

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