jocekinn
jocekinn jocekinn
  • 11-04-2017
  • Mathematics
contestada

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

Amount of Each Deposit: $1,500

Deposited: Annually

Rate Per Year: 8%

Number of Years: 15

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 11-04-2017
FVAO=1500[((1+0.08)^(15)-1)/0.08]
FVAO=40728.17
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