Asked by jessa
An ordinary annuity with 2,000 regular at 3% compounded annually for one year
Answers
Answered by
Henry
P = Po(1+r)^n.
Po = $2,000.
r = 0.03/year.
n = 1 Compounding period.
P = ?.
Po = $2,000.
r = 0.03/year.
n = 1 Compounding period.
P = ?.
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