Find the future annuity if payment is $200, rate is 9%, compounded annually, and time is 9 years.
I'm not sure that this will answer your question, because this will find the final value (which is not usually called an annuity); this will find the value of $200 invested at 9%, compounded annually, for 9 years.
The final value is found by using this formula: A = P(1 + r/n)^(n·t)
A = final amount P = inital payment = $200.00 r = rate (as a decimal) = .09
n = number of times compounded per year = 1 t = number of years = 9
A = 200(1 + .09/1)^(1·9) $434.38
I'm not sure that this will answer your question, because this will find the final value (which is not usually called an annuity); this will find the value of $200 invested at 9%, compounded annually, for 9 years.
The final value is found by using this formula: A = P(1 + r/n)^(n·t)
A = final amount P = inital payment = $200.00 r = rate (as a decimal) = .09
n = number of times compounded per year = 1 t = number of years = 9
A = 200(1 + .09/1)^(1·9) $434.38