What is the future value in year twelve of an ordinary annuity cash flow of $6,000 per year at an interest rate of 4.00% per year?
A) $90,154.83
B) $93,761.02
C) $28,675.97
D) $32,117.08
Answer: A
Explanation: A)
FV = PMT × = $6,000 × = $90,154.83.
MODE = END
INPUT 12 4 0 -6,000 ?
KEY N I/Y PV PMT FV
CPT 90,154.83
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