SOLUTION: Find the amount (future value) of the ordinary annuity.
$1,400 per quarter for 5 yr at 9%/year compounded quarterly.
the formulas normally assume investment at the end of each ti
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-> SOLUTION: Find the amount (future value) of the ordinary annuity.
$1,400 per quarter for 5 yr at 9%/year compounded quarterly.
the formulas normally assume investment at the end of each ti
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Question 934666: Find the amount (future value) of the ordinary annuity.
$1,400 per quarter for 5 yr at 9%/year compounded quarterly.
the formulas normally assume investment at the end of each time period.
to find the investment at the beginning of each time period, just multiply the value by 1 + the interest rate per time period.
the online calculator does it for you.
