Henry spent 7 6/9 hours working on his reading and math homework.If he spent 6 7/8 on his reading homework,how much time did he
1 answer:
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Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
Future value of annuity (FV) = $13,782.12 (Approx)