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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-> 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)
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FV=100(1.06)^10
FV=100(1.791)
FV=179.00