Question

Find the future value of following annuity due. Assume that interest is compounded annually, there are...

Find the future value of following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest rate is i:

R=17,000, r=,03, n=9

Math   Precalculus   
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Answer #1

A = $ 22,181.14

A = P + I where
P (principal) = $ 17,000.00
I (interest) = $ 5,181.14

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