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. Periodic Deposit $1500 at the end of every three months Rate 7.25% compounded quarterly Time 6 years a. The value of the annuity is $.... b. The interest is $.....
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here