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Please solve using the finance solver on the calculator. Thank you! Find the value of the ordinary annuity at the end of the indicated time
Please solve using the finance solver on the calculator. Thank you!
Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time period t are given. amount $500; quarterly; 8%; six years The value of the ordinary annuity is $ (Round to the nearest cent as needed.) Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A=$8,000;r=4%;t=4 R=$ (Round up to the nearest cent.) Step by Step Solution
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