Future Value of Annuities Quiz Welcome to your Future Value of Annuities Quiz Solve the problem How long would it take for your money to grow to 10 times of the initial amount at an annual interest rate of 5%? years Solve the problem You deposit $100,000 into an account at an annual rate of 8%. When will you become a millionaire? years Solve the problem Linda has been investing $350 at the end of each month for 18 years at an annual rate of 7.2% compounded monthly. What is the FV of the investment (nearest tenth)?$ Solve the problem The same amount was deposited at the end of each month for 2 years into a savings account earning 6% annual interest compounded monthly. If FV = $5000, how much money was deposited every month?$ 1 out of 4 Time's upTime is Up!
