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posted by BERNIE on Wednesday, August 22, 2012 at 7:23pm.
find the value of the anniuty a1=$5000,I=0.08,n=10 what is the future value of the anniuty
I will assume that 5000 is the "payment" of the annuity future value = 5000( 1.08^10 - 1)/.08 = 72432.81
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