jocekinn jocekinn

11-04-2017
Mathematics

contestada

Find the amount of the annuity due. Round to the nearest cent.

Amount of Each Deposit: $8,000

Deposited: Quarterly

Rate Per Year: 10%

Number of Years: 4

Respuesta :

Aliwohaish12 Aliwohaish12

11-04-2017

FVAD=8000[((1+0.10/4)^(4*4)-1)/(0.10/4)]*(1+0.10/4)
FVAD=158917.84

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