Problema Solution
What is the future value of an ordinary annuity of 10000 per year for 4 years at 6%interest
Compounded annually ?
Answer provided by our tutors
It is
10000*(1+6%)^4=12624.77
What is the future value of an ordinary annuity of 10000 per year for 4 years at 6%interest
Compounded annually ?
It is
10000*(1+6%)^4=12624.77