Suppose Mr. and Mrs. Mariano deposited 20,000.00 at the beginning of each year for 5 years in an investment that earns 10% per year compounded annually, what is the amount or future value of the annuity?

asked Jul 3, 2023 139k views

0 votes

7.9k points

Please log in or register to add a comment.

4 votes

Answer:

₱134,312.2

Explanation:

a = 20000(1 + 0.10)^(1 to 5)

NOhs answered Jul 7, 2023

by NOhs

8.3k points

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

9.4m questions

12.1m answers