Mathematics, 21.07.2019 23:00 smariedegray
2. find the amount of the annuity. amount of each deposit: $295 deposited: quarterly rate per year: 10% number of years: 6 type of annuity: due $9,671.28 $9,542.97 $10,076.54 $9,781.54
Answers: 1
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n} )^{kt} -1}{ \frac{r}{n} } ]](/tpl/images/0117/2842/e1b86.png)
is the future value 
is the periodic payment 
is the interest rate in decimal form 
is the number of times the interest is compounded per year 
is the number of payments per year 
is the number of years
and 
. To convert the interest rate to decimal for, we are going to divide the rate by 100%:
.
.![FV=(1+ \frac{0.1}{4} )*295[ \frac{(1+ \frac{0.1}{4} )^{(4)(6)} -1}{ \frac{0.1}{4} } ]](/tpl/images/0117/2842/84e17.png)
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2. find the amount of the annuity. amount of each deposit: $295 deposited: quarterly rate per year...
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