find the value of the ordinary annuity at the end of the indicated time period the payment r fre

Name: find the value of the ordinary annuity at the end of the indicated time period the payment r frequency of deposits m which is the same as the frequency of compounding annual interest rate r 72702
Uploaded: 2022-07-27T20:18:56-08:00
Duration: 1 min 4 s
Channel: Tim Thornhill
Description: find the value of the ordinary annuity at the end of the indicated time period the payment r frequency of deposits m which is the same as the frequency of compounding annual interest rate r 72702

Question

Ankit Singh · Accepted Answer

First, we need to convert the annual interest rate to a monthly rate. Since there are 12 months

Question

Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time t are given below. Amount, $200; monthly; 9%; 4 years

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