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15 August, 20:20

Find the amount of each ordinary annuity. interest is compounded annually.

a. r=$350, i=0.05, n=15

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  1. 15 August, 20:47
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    R=$350, I=0.05, n=15

    A = 350 (1+0.05) ^15 = 350 (1.05) ^15 = 350 (2.0789) = 727.62 < - Answer
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