Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Amount of Deposit m Frequency n Rate r Time t $900 annually 1% 20 yr
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Amount of Deposit m Frequency n Rate r Time t $900 annually 1% 20 yr
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Find the value of the
$
Amount of Deposit m |
Frequency n |
Rate r |
Time t |
$900 | annually | 1% | 20 yr |
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