Homework help needed

Accounting
Tutor: None Selected Time limit: 1 Day

The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3% is? (Rounded to the nearest whole dollar)

Jun 22nd, 2015

Thank you for the opportunity to help you with your question!

=1000(1+0.03/10)^10

=1000(1.003)^10

=$1030

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015

pleasure

Jun 22nd, 2015

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