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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?
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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?​

User Fluxian
by
7.9k points

1 Answer

4 votes

Answer:

₱134,312.2

Explanation:

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

User NOhs
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8.3k points
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