Find the future value of the ordinary annuity: $503 is deposited each year at an annual rate of 7.54% compounded annuall
Posted: Fri Jul 08, 2022 5:33 am
- Find The Future Value Of The Ordinary Annuity 503 Is Deposited Each Year At An Annual Rate Of 7 54 Compounded Annuall 1 (15.53 KiB) Viewed 44 times
- Find The Future Value Of The Ordinary Annuity 503 Is Deposited Each Year At An Annual Rate Of 7 54 Compounded Annuall 2 (18.86 KiB) Viewed 44 times
A person deposits $1,000 for 5 years in an account that pays 7.2% per year compounded quarterly. What is the interest rate per period? How many compounding periods are there? How much is in the account at the end of the 5 years? $ Round to two decimal places as necessary. %