algebra 2

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find the anuity,(a1=$5000,I=0.08,n=10
thank you and thank you for the other answer also.

  • algebra 2 -

    $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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