Mathematics, 28.11.2019 22:31 meichea
Ted williams made deposits of $500 at the end of each year for eight years. the rate is 8% compounded annually. the value of ted's annuity at the end of eight years is (use the tables in the handbook):
Answers: 2
![FV=C[\frac{(1+i)^n-1}{i}]](/tpl/images/0395/1870/ff233.png)
![FV=500[\frac{(1+0.08)^{8}-1}{0.08}]](/tpl/images/0395/1870/9b453.png)
![FV=500[\frac{(1.08)^{8}-1}{0.08}]](/tpl/images/0395/1870/5a82d.png)
![FV=500[\frac{0.8509}{0.08}]](/tpl/images/0395/1870/292f7.png)
![FV=500[10.6366]](/tpl/images/0395/1870/15e0b.png)
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Ted williams made deposits of $500 at the end of each year for eight years. the rate is 8% compounde...
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