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OpenStudy (anonymous):
find the value of the annuity a1=$5000,I=0.12,n=10
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OpenStudy (anonymous):
Simple or compounded?
OpenStudy (anonymous):
compounded
OpenStudy (anonymous):
How many year ?
OpenStudy (anonymous):
\[P\left(1+\frac{R}{N}\right)^{N T }\]
OpenStudy (anonymous):
I think the amount of years is 10
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OpenStudy (anonymous):
\[5000\left(1+\frac{0.12}{10}\right)^{100 }\] 16482.4
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