question 6 find the future value of an ordinary annuity if payments are made...
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Finance
question 6
find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest.
R=9,100; 9% interest compounded semiannually for 6 years.
The future value of the ordinary annuity is $__
The amount from contribution is $__ and the amount of interest is $__
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