Future Value of an Ordinary Simple Annuity
{"Image DocumentName": "Future Value of an Ordinary Simple Annuity", "Image ImageDescription": "Q. Suppose that you vow to save  500 a month for the next four months, with your first deposit one month from today. If your savings can earn 3% converted monthly, determine the total in your account four months from now Month. Result.  500.  500.  500.  500.    500(1+.03/12)  500(1+.03/12)  500(1+.03/12) Sum = FV of annuity.  2,", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}