Asked by Matt

Determine the amount of the ordinary annuities at the end of the given periods.

$200 deposited monthly at 1% per month for 20 months.

12 years ago

Answered by Reiny

What is
200( 1.01^20 - 1)/.01 ?

(I just plugged into the formula)

12 years ago

Answered by Matt

4403.80 is correct

12 years ago

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