Mathematics, 10.10.2019 21:50 tgamble1
Find the future value (fv) of the annuity due. (round your answer to the nearest cent.) $175 monthly payment, 7% interest, 11 years
Answers: 3
![FV of Annuity Due = (1+r)\times P[\frac{(1+r)^{n}-1}{r}]](/tpl/images/0308/1395/88d10.png)
![FV of Annuity Due = (1+0.07)\times 175[\frac{(1+0.07)^{11}-1}{0.07}]](/tpl/images/0308/1395/d53b7.png)
![FV of Annuity Due = (1.07)\times 175[\frac{1.10485}{0.07}]](/tpl/images/0308/1395/e76ad.png)
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Find the future value (fv) of the annuity due. (round your answer to the nearest cent.) $175 monthly...
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