jocekinn
jocekinn jocekinn
  • 11-04-2017
  • Mathematics
contestada

Find the amount of the annuity due. Round to the nearest cent.

Amount of Each Deposit: $8,000

Deposited: Quarterly

Rate Per Year: 10%

Number of Years: 4

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 11-04-2017
FVAD=8000[((1+0.10/4)^(4*4)-1)/(0.10/4)]*(1+0.10/4)
FVAD=158917.84
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