Register

Find the amount of the annuity. Round to the nearest cent. Amount of Each Deposit: $2,500 Deposited: Semiannually Rate Per Year: 10% Number of Years: 8

Find the amount of the annuity. Round to the nearest cent. Amount of Each Deposit: $2,500 Deposited: Semiannually Rate Per Year: 10% Number of Years: 8
1.4k views
0 votes
Find the amount of the annuity. Round to the nearest cent.

Amount of Each Deposit: $2,500

Deposited: Semiannually

Rate Per Year: 10%

Number of Years: 8

User Seton
by
7.6k points

1 Answer

1 vote
FVAO=2500[((1+0.1/2)^(2*8)-1)/(0.1/2)]
FVAO=59143.73
User GeertVc
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!