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, $600; monthly; 8.5%; 7 years

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, $600; monthly; 8.5%; 7 years

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 25E

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Not use excel

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, $600; monthly; 8.5%; 7 years
$334

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