Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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- Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R= $9000, 9% interest compounded annually for 25 years What is the future value of the ordinary annuity? (Round to the nearest cent.)arrow_forwardCalculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Identify the Principal amount DHS Identify the Rate (as used in equation for calculation) Identify the Time (as used in the equation for calculation) years Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Round the answer to the nearest fil (two (2) numbers behind the point.) The future value of the loan after fifteen (15) months that will be paid back is DHS.arrow_forward
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