algebra 2

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find the value of the anniuty
a1=$5000,I=0.08,n=10
what is the future value of the anniuty

  • algebra 2 -

    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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