SOLUTION: Please Help: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated. R = $900, i = 7% interest compounded semiannually for 1

Question 201892: Please Help:
Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.
R = $900, i = 7% interest compounded semiannually for 10 years.
A) $23,637.33
B) $23,721.46
C) $25,451.71
D) $51,166.00

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
R = $900, i = 7% interest compounded semiannually for 10 years.
---
A(t) = P(1 + (r/n))^(nt)
A(10) = 900(1 + (0.07/2))^(2*10)
A(10) = 900(1.035)^(20)
A(10) = 900*1.9897888...
A(10) = $1790.81
---------------
Comment:
You may have a typo in the posted problem.
-----------------
Cheers,
Stan H.

A) $23,637.33
B) $23,721.46
C) $25,451.71
D) $51,166.00

RELATED QUESTIONS
Please help me with this problem: Find the future value of the ordinary annuity.... (answered by feliz1965)

Find the future value of the ordinary annuity. Interest is compounded annually, unless... (answered by jorel1380)

can someone please help me with this problem i can't figure it out. Find the future... (answered by checkley77)

Please help me with this problem: Find the future value of the ordinary annuity.... (answered by feliz1965)

Please Help: Find the future value of the ordinary annuity. Interest is compounded... (answered by Theo)

28. Find the future value of each ordinary annuity, if payments are made and interest is... (answered by checkley77)

Find the future value of the following ordinary annuities. Payments are made and interest (answered by ikleyn)

I need help with these problems.. plese show me how to solve them...thanks.... Problem#... (answered by stanbon)

Please solve. Find the future value of the ordinary annuity. R=$9000.00, I=10%... (answered by rfer)