Using Tables to Solve Future Value of Annuity Problems

Future Value of Annuity Factors   The following excercise should aid in using tables to solve annuity problems. Please answer the questions below and proceed by clicking the  Check My Answers  button located at the bottom of the page. 1. You invest $2,000 in IRA's each year for 5 years. If interest on these IRA's is 4%, how much will you have at the end of those 5 years?   $10,000   $10,832.60   $8,903.60 2. If you deposit $4,500 each year into an account paying 8% interest, how much will you have at the end of 3 years?   $13,500   $14,608.80   $11,596.95   Calculator