Asked by GCU
find the amount created by an annuity of 24000 naira paycheck yearly for 9 years at a compound interest of 5 per center annually
Answers
Answered by
mathhelper
amount = payment( (1+i)^n - 1)/i
your i = .05, n = 9, payment = 24000
= 24000(1.05)^9 - 1)/.05
= .....
your i = .05, n = 9, payment = 24000
= 24000(1.05)^9 - 1)/.05
= .....
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