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posted by BERNIE on Tuesday, August 21, 2012 at 3:32pm.
find the anuity,(a1=$5000,I=0.08,n=10 thank you and thank you for the other answer also.
$5000 for 10 yrs @ 8% APR? Compounded annually? P = Po(1+r)^10. P = 5000*(1.08)^10 = $10,794.62.
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