a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $8000 at the end of each year Time 35 years Rate 4% compounded annually Click the icon to view...


a. Use the appropriate formula to find the value of the annuity.<br>b. Find the interest.<br>Periodic Deposit<br>$8000 at the end of each year<br>Time<br>35 years<br>Rate<br>4% compounded annually<br>Click the icon to view some finance formulas.<br>....<br>a. The value of the annuity is $<br>(Do not round until the final answer. Then round to the nearest dollar as needed.)<br>Formulas<br>In the provided formulas, P is the deposit made at the end of each compounding<br>period, r is the annual interest rate of the annuity in decimal form, n is the number<br>of compounding periods per year, and A is the value of the annuity after t years.<br>nt<br>|+<br>A<br>P[(1 + n* - 1]<br>- 1<br>A =<br>A =<br>P =<br>r<br>nt<br>Print<br>Done<br>

Extracted text: a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $8000 at the end of each year Time 35 years Rate 4% compounded annually Click the icon to view some finance formulas. .... a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Formulas In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. nt |+ A P[(1 + n* - 1] - 1 A = A = P = r nt Print Done

Jun 04, 2022
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