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Find the amount of annuity.Amount of each deposit: $295deposited: quarterly Rate per year: 10%Number...
4 months ago
Q:
Find the amount of annuity.Amount of each deposit: $295deposited: quarterly Rate per year: 10%Number of years: 6Type of annuity: due
Accepted Solution
A:
295×((((1+0.1÷4)^(4×6)−1)
÷(0.1÷4))×(1+0.1÷4))
=9,781.54