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Original Question
what is the future value of an ordinary annuity of $12,000 per year,for three years at9% interest compounded annually?Asked by alisha
What is the future value of an ordinary annuity of $12,000 per
year, for three years, at 9% interest compounded annually?
year, for three years, at 9% interest compounded annually?
Answers
Answered by
Reiny
evaluate
12000(1.09^3 - 1)/.09
12000(1.09^3 - 1)/.09