Find the amount of an annuity with income function c(t), interest rate r, and term T. (Round your answer to two decimal places.) c(t) = $5000,r = 5%, T = 15 years $ 10,349.64

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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Find the amount of an annuity with income function c(t), interest rate r, and term T. (Round your answer to two decimal places.)
c(t) = $5000, r = 5%, T = 15 years
$ 10,349.64
Transcribed Image Text:Find the amount of an annuity with income function c(t), interest rate r, and term T. (Round your answer to two decimal places.) c(t) = $5000, r = 5%, T = 15 years $ 10,349.64
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