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10-12-2017
Mathematics

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Find the amount of each ordinary annuity. interest is compounded annually.
a. r=$350, i=0.05, n=15

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10-12-2017

R=$350, I=0.05, n=15
A = 350 (1+0.05)^15 = 350(1.05)^15 = 350 (2.0789)=727.62 <- Answer

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