jocekinn jocekinn

11-04-2017
Mathematics

contestada

Find the amount of the annuity. Round to the nearest cent.

Amount of Each Deposit: $2,500

Deposited: Semiannually

Rate Per Year: 10%

Number of Years: 8

Respuesta :

Aliwohaish12 Aliwohaish12

11-04-2017

FVAO=2500[((1+0.1/2)^(2*8)-1)/(0.1/2)]
FVAO=59143.73

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