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Find future value and found to nearest cent Find the amount contributed and the interest amount

Find future value and found to nearest cent Find the amount contributed and the interest amount

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Find future value and found to nearest cent Find the amount contributed and the interest amount
Find the future value of an ordinarv annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R= 700; 6.35% interest compounded semiannually for 12 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is S (Round to the nearest cent as needed.) (1,1) More Next F11 Insert Fsc F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 Pause K4 %2$ 7 8.
Transcribed Image Text:Find the future value of an ordinarv annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R= 700; 6.35% interest compounded semiannually for 12 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is S (Round to the nearest cent as needed.) (1,1) More Next F11 Insert Fsc F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 Pause K4 %2$ 7 8.
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