Ans $ 2223.08
P = | Periodic payments |
r = | rate of interest |
n = | no of years |
Future Value of Annuity = | P ( (1 + r)n - 1 ) / r |
250* ((1 + 6%/2)^8 - 1) / (6%/2) | |
2223.08 | |
E1-13 - What is the future value (FV) after 4 years of the following investments: Payment...
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