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Find the amount of the annuity. Round to the nearest cent. Amount of Each Deposit: $1,500 Deposited: Annually Rate Per Year: 8% Number of Years: 15
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Find the amount of the annuity. Round to the nearest cent.

Amount of Each Deposit: $1,500

Deposited: Annually

Rate Per Year: 8%

Number of Years: 15

User Dragonore
by
7.3k points

1 Answer

4 votes
FVAO=1500[((1+0.08)^(15)-1)/0.08]
FVAO=40728.17
User Scott Robey
by
8.6k points
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