Answer:
Future value is $1543.12
Step-by-step explanation:
From the question, present value = $200, rate = 10%, years = 6.
So that future value of ordinary annuity can be calculated by,
FV =
where: FV is the future value, A is the annuity, r is the rate, and n is the number of years.
FV =
=
=
=
FV = $1543.122
The future value of the ordinary annuity is $1543.12.
Answer:
241
Step-by-step explanation:
Answer:
2.59
Step-by-step explanation:
Answer:
3/2
Step-by-step explanation:
4 1/8 / 2 3/4
= 33/8 / 11/4
= 3/2