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November 27, 2014

November 27, 2014

Posted by **BERNIE** on Wednesday, August 22, 2012 at 7:23pm.

a1=$5000,I=0.08,n=10

what is the future value of the anniuty

- algebra 2 -
**Reiny**, Wednesday, August 22, 2012 at 10:14pmI will assume that 5000 is the "payment" of the annuity

future value = 5000( 1.08^10 - 1)/.08 = 72432.81

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