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Business
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| Number of pages / Number of words: |
4 / 897 |
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This $12,100 dollars is the future value of $10,000 dollars in two years at 10%, hence resulting on investing for more than one period.
When looking into payment options or annuities, according to Gregory A. Kuhlemeyer, Ph.D. "Annuities represent a series of equal payments or receipts occurring over specified number of equidistant periods...
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Kuhlemeyer, Ph.D. "Annuities represent a series of equal payments or receipts occurring over specified number of equidistant periods." (2004). Assuming now that one makes annual deposits of $1,000 dollars deposited at the end of the year earning 10% interest for the next three years.
Year 1 $1,000 dollars deposited at the end of year = $1,000
Year 2 $1,000 x ...
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