Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.? is it $9,800.05 , $9,729.30, $9,849.67, or $9,749.55
Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.?
02
May
nozar nazari
May 2, 2010 at 7:37 am
Future value 1=1550[(1+(11.5/100)]^5=2671.19
== == 2=1550(1+11.5/100)^4=2395.7
== == 3=1550(1+11.5/100)^3=2148.6
== == 4=1927
== == 5=1550×1.115=1728.25
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sum=$10870.74
God bless you.