Question
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=15,000; 4.8% interest compounded quarterly for 8 years. The future value of the ordinary annuity is $. (Round to the nearest cent as needed.)
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Mathematical Applications For The Management, Life And Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
12th Edition
978-1337625340
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