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Find the future value of an ordinary annuity if payments are made in the amount Rand interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R=9,300; 9% interest compounded semiannually for 5 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is (Round to the nearest cent as needed.)

Find the future value of an ordinary annuity if payments are made in the amount Rand interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R=9,300; 9% interest compounded semiannually for 5 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is (Round to the nearest cent as needed.)

Advanced Engineering Mathematics
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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Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=9,300; 9% interest compounded semiannually for 5 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is $. (Round to the nearest cent as needed.)
Transcribed Image Text:Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=9,300; 9% interest compounded semiannually for 5 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is $. (Round to the nearest cent as needed.)
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