SOLUTION: Can someone help me with this? I don�t get it! A_1=$4000, I=0.09. n=25 What is the future value of the annuity? I used the underscore for the subscript. Thanks in advance :) g

Question 766039: Can someone help me with this? I don�t get it!
A_1=$4000, I=0.09. n=25
What is the future value of the annuity?
I used the underscore for the subscript.
Thanks in advance :) grrrr
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!

- is the value of the annuity at time = n
- is the value of the individual payments in each compounding period
-is the interest rate that would be compounded for each period of time
-is the number of payment periods
given:
$, ,

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