Annual Compounding - Finance Department

Compute the future value of $1,000 compounded annually for. 10 years at five percent. 10 years at seven percent. 20 years at five percent. ... The guaranteed payments were $875,000 in 1984, $650,000 in 1985, $800,000 in 1986, $1 million in 1987, $1 million in 1988, and $300,000 in 1989. In addition, the contract called for $5,330,000 ... ................
................