Answered: Find the future value of an annuity due…

Find the future value of an annuity due with an annual payment of $8,600 for two years at 9.1% annual interest using the simple interest formula. Find the total amount invested. Find the interest.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Find the future value of an annuity due with an annual payment of

$8,600

for two years at

9.1%

annual interest using the simple interest formula. Find the total amount invested. Find the interest.

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