Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposited. Round to nearest cent. Amount of deposit (m) : $100 Frequency (n) : monthly Rate (r) 4% Time (t) : 5 years
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposited. Round to nearest cent. Amount of deposit (m) : $100 Frequency (n) : monthly Rate (r) 4% Time (t) : 5 years
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposited. Round to nearest cent.
Amount of deposit (m) : $100
Frequency (n) : monthly
Rate (r) 4%
Time (t) : 5 years
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