3 years ago

Find the amount of each ordinary annuity. interest is compounded annually.

Mathematics

1 answer:

Svetlanka [38]3 years ago

6 0

R=$350, I=0.05, n=15
A = 350 (1+0.05)^15 = 350(1.05)^15 = 350 (2.0789)=727.62 <- Answer

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