Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $4000, 10% interest compounded annually for 20 years What is the future value of the ordinary annuity? (Round to the nearest cent.)
Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $4000, 10% interest compounded annually for 20 years What is the future value of the ordinary annuity? (Round to the nearest cent.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The payments $4000
Interest rate is 10%
Term is 20 years
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