Posted by kerry on .
Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks your answer(s) should be rounded to the nearest cent.
college math -
It's probably going to be around $6. Just say $6.