What is the future value of an ordinary $1,400 annulty payment over .pdf

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This document discusses calculating the future value of a $1,400 annuity payment made over 7 years with an annual interest rate of 4.5% compounded annually. The future value of this annuity is $11,225.45.

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"What is the future value of an ordinary $1,400 annulty payment over 7 years if the interest rates
are 4.5% (assume annual compounding)?
$9,403.65$9,402.35$11,22.6.81"$11,225.45+$9,800.00$8.249.78$8,249.05

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