Question 1118273
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<pre>
Future value in this case 


FV = {{{8000*(((1+0.08)^10-1)/0.08))}}} = 115892.50.
</pre>

On ordinary annuity, read the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Sequences-and-series/Ordinary-Annuity-saving-plans-and-geometric-progressions.lesson>Ordinary Annuity saving plans and geometric progressions</A>

in this site.