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ololo11 [35]
3 years ago
7

I'm sorry but these are the multiple choice answers.

Mathematics
1 answer:
Sunny_sXe [5.5K]3 years ago
7 0
\bf \qquad \qquad \textit{Future Value of an ordinary annuity}
\\\\
A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]


\bf \qquad 
\begin{cases}
A=
\begin{array}{llll}
\textit{original amount}\\
\textit{already compounded}
\end{array}&
\begin{array}{llll}

\end{array}\\
pymnt=\textit{periodic payments}\to &200\\
r=rate\to 7\%\to \frac{7}{100}\to &0.07\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, four quarters}
\end{array}\to &4\\

t=years\to &12
\end{cases}
\\\\\\
A=200\left[ \cfrac{\left( 1+\frac{0.07}{4} \right)^{4\cdot 12}-1}{\frac{0.07}{4}} \right]
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