SOLUTION: Find the amount of the annual annuities if the interest is compounded annually for:
a.R=$100, i=6%, n=10
b. R=$1,000, i=8%, n=12
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Question 881472: Find the amount of the annual annuities if the interest is compounded annually for:
a.R=$100, i=6%, n=10
b. R=$1,000, i=8%, n=12
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=100(1.06)^10
FV=100(1.791)
FV=179.00
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