Question

Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.) PMT = $220, r = 8.9%, compounded weekly for 25 years.

Name: find the future values of the ordinary annuities at the given annual rate r compounded as indicated the payments are made to coincide with the periods of compounding round your answer to the 94792
Uploaded: 2021-11-28T15:10:24-08:00
Duration: 3 min 52 s
Channel: David Mccaslin
Description: find the future values of the ordinary annuities at the given annual rate r compounded as indicated the payments are made to coincide with the periods of compounding round your answer to the 94792

          Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.) PMT = $220, r = 8.9%, compounded weekly for 25 years.

Added by Jason M.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert David Mccaslin

11/28/2021

Step 1

9\% = 0.089\) Number of compounding periods per year = 52 (weekly compounding) $i = \frac{0.089}{52} = 0.001712$ Show more…

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Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.) PMT = $220, r = 8.9%, compounded weekly for 25 years.