2 years ago

HELP ME IDK WHAT TO DO!!!

Mathematics

1 answer:

german2 years ago

8 0

Answer:

Step-by-step explanation:

alternate exterior angles

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Let $ 500 be paid at the end of each quarter for 5 years. If the interest is earned rate of 13%, compounded quarterly, find the

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Step-by-step explanation:

Given:

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Future value of annuity (FV)

Computation:

$Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\$

Future value of annuity (FV) = $13,782.12 (Approx)

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