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Question 1 [5 points]
Calculate the future value of an ordinary annuity consisting of quarterly payments of $1,000 for 5 years if the payments earn 9.10% compounded
quarterly for the first 2 years and 9.90% compounded quarterly for the last 3 years. For full marks your answer(s) should be rounded to the
nearest cent.
Future Value = $ 0.00
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Answer :

If I’m not wrong, it should be 1000-5+9.10% and add it to the tune and divide with the 9.90% and -3 and then you can get your answer

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