Question
An ordinary annuity with 2,000 regular at 3% compounded annually for one year
Answers
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 = ?.