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Algebra
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OpenStudy (ddobos):
8) George has an annuity that pays $1,250 at the beginning of each quarter. If the economy grows at a rate of 3.49% annually, what is the value of the annuity if he received it in a lump sum now rather than over a period of nine years?
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OpenStudy (presley551):
\[\frac{ 1 }{ i }-\frac{ 1 }{ i(1+i )^{nt}}+1\]
OpenStudy (presley551):
his pay= 1250 i=0.349/4 n=4 t=9 nt-1 is 35 do the rest
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