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anonymous
 one year ago
If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.
a.$98,272.92
c.$94,625.32
b.$98,828.28
d.$95,876.82
anonymous
 one year ago
If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years. a.$98,272.92 c.$94,625.32 b.$98,828.28 d.$95,876.82

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triciaal
 one year ago
Best ResponseYou've already chosen the best response.0dw:1434994186197:dw

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0i need to be able to find the annuity of it.

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0oops he deposits EACH year

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0dw:1434994512979:dw

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0let me double check the exponential formula

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0need the future value of an annunity

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0so would i use the ordinary annuity value formula of it or the annuity due formula?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ordinary annuity formula: FV=P*((1+i)^n 1/i) or annuity due formula: FV=P((1*i)^n 1/i) *(1+i)

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0dw:1434994958771:dw

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0dw:1434995069747:dw

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0wht is it powered to nxt to the 1?

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0I don't see this option verifying

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0my calculator gave me this 115544.94822709

triciaal
 one year ago
Best ResponseYou've already chosen the best response.0Adjust the formula because it is at the beginning of the year 87743.68 * 1.12 = option A
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