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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
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 = 9,000; 8% interest compounded semiannually for 3 years.
A. The future value of the ordinary annuity is $
(Round to the nearest cent as needed.)
B. The amount from contributions is $
(Round to the nearest cent as needed.)
C. and the amount from interest is $
(Round to the nearest cent as needed.)
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