SOLUTION: Please solve. Find the future value of the ordinary annuity. R=$9000.00, I=10% compounded semiannually for 11 years. Show work, thank you.

Algebra ->  Finance -> SOLUTION: Please solve. Find the future value of the ordinary annuity. R=$9000.00, I=10% compounded semiannually for 11 years. Show work, thank you.      Log On


   

Question 976872: Please solve. Find the future value of the ordinary annuity. R=$9000.00, I=10% compounded semiannually for 11 years.
Show work, thank you.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=9000(1.05)^(2*11)
FV=9000(2.92526)
FV=26,327.35