Asked by jackie

ted Williams made deposits of 500.00 at the end of each year for eight years. the rat is 8% compounded annually. calculate the value of ted's annuity at the end of eight years
Answered by Reiny
amount = 500( 1.08^8 - 1)/.08
= ...
Answered by QuiQui
5,318.30
Answered by Anonymous
$5,318.30