Find the future value of an ordinary 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= 9.400: 3% interest compounded semiannually for 3 vears. 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.)
Find the future value of an ordinary 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= 9.400: 3% interest compounded semiannually for 3 vears. 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.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the future value of an ordinary 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= 9.400: 3% interest compounded semiannually for 3 vears.
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.)
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