SOLUTION: Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R=8000, 8% interest compounded annually for 10 years. What is the

Question 1118273: Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R=8000, 8% interest compounded annually for 10 years. What is the future value of the ordinary annunity
Answer by ikleyn(52800) (Show Source): You can put this solution on YOUR website!
.

Future value in this case 


FV =  = 115892.50.

On ordinary annuity, read the lesson
- Ordinary Annuity saving plans and geometric progressions
in this site.

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