Mathematics, 17.10.2020 14:01 arturo200
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest.
R= 14,000, 4.6% interest compounded quarterly for 14 years.
a. The future value of the ordinary annuity is $ ???
b. The amount from contributions is $??? and the amount from interest is $???
Answers: 2
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Find the future value of an ordinary annuity if payments are made in the amount R and interest is co...
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