FUTURE VALUE OF ORDINARY ANNUITY The future value of an annuity is the total accumulation of the payments and interest earned. Compute the future value of an investment to be received if Php100, 000 is invested for 5 years with an annual compound interest of 5% using the formula below. nt (1+)" - 1 Future Valueord = PMT r
FUTURE VALUE OF ORDINARY ANNUITY The future value of an annuity is the total accumulation of the payments and interest earned. Compute the future value of an investment to be received if Php100, 000 is invested for 5 years with an annual compound interest of 5% using the formula below. nt (1+)" - 1 Future Valueord = PMT r
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 12E
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