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Algebra 24 Online
OpenStudy (anonymous):

a1=5000,I=0.10,n=20

OpenStudy (amistre64):

sounds "interest" ing, but you have not represented a problem ....

OpenStudy (anonymous):

FIND THE VALUE OF THE ANNUITY. a1=5000,I=0.10,n=20

OpenStudy (amistre64):

annuties need a constant payment, a constant interest amount, and a time span does a1 represent the present value, and we are trying to determine the future value of an annuity?

OpenStudy (amistre64):

\[FV=PV\frac{(1+i)^n-1}{i}\]

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