Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. (future value of an ordinary annuity) what is the

(Future value of an ordinary annuity) What is the future value of $490 per year...

70.2K

Verified Solution

Question

Finance

(Future value of an ordinary annuity) What is the future value of

$490

per year for

8

years compounded annually at

10

percent?

Question content area bottom

Part 1

The future value of

$490

per year for

8

years compounded annually at

10

percent is

$enter your response here.

(Round to the nearest cent.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For the production of ammonia from its elements, 3H2(g)+N2(g)→2NH3(g), ΔH = -21.9 kcal. Part A: Is this process endothermic...

Chemistry
Q

On January 1, 2017, Fulton Inc. enters into a contract with Gibson to deliver goods. Gibson...

Accounting
Q

25 A sphere of mass M and radius R has a concentric cavity of radius...

Physics
Q

Solve the following linear programming problem z 2x 9y 6x 5y 30 10x y 30...

Basic Math
Q

A study shows that, over the course of a lifetime, the average salary of college...

Basic Math
Q

6 The fifth and ninth terms of an arithmetic sequence are 5 and 17 respectively...

Calculus
Q

Let I S e e 2x 1 Then for an arbitrary constant c the value...

Calculus
Q

The following selected transactions relate to 2 days cash collections for a firm that maintains...

Accounting
Q

Limestone Hotel currently launders all of its towels and sheets in the basement of the...

Accounting
Q

Whispering Inc. loans money to John Kruk Corporation in the amount of $848,000. Whispering accepts...

Accounting
Q

Question 4 Unsaved The sales and use tax is a tax paid to a governing...

Accounting
Q

A coffee company sells its product for $60 and has variable cost of $35 per...

Accounting