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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
FV=100(1.06)^10
FV=100(1.791)
FV=179.00