Find the future value S accumulated in an after investing periodic payments R for t years at an annual interest rate r, with payments made and interest credited m times per year. R=$750, r=5%, t=7, m=4

orkesruim40

orkesruim40

Answered question

2022-08-06

Find the future value S accumulated in an after investing periodic payments R for t years at an annual interest rate r, with payments made and interest credited m times per year.
R=$750, r=5%, t=7, m=4

Answer & Explanation

choltas5j

choltas5j

Beginner2022-08-07Added 13 answers

Given that r=5%, R=750$, t=7, m=4
we have to find the present value
we know that present value = 0 7 R e n d t
= 750 0 7 e 0.05 t d t
=4429.68
Furture value =present value*e^{nM}
= 4429.68 e ( 0.05 ) 4
= 4429.68 e 0.2

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