Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R= 9.400: 3% interest compounded semiannually for 3 vears. The future value of the ordinary annuity is $◻️ (Round to the nearest cent as needed.) The amount from contributions is $ ◻️and the amount from interest is S◻️ . (Round to the nearest cent as needed.)

Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R= 9.400: 3% interest compounded semiannually for 3 vears. The future value of the ordinary annuity is $◻️ (Round to the nearest cent as needed.) The amount from contributions is $ ◻️and the amount from interest is S◻️ . (Round to the nearest cent as needed.)

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section: Chapter Questions

Problem 8CC

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