What is the values of the following annuities if interest is compounded annually?

Business & Finance
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What is the values of the following annuities if interest is compounded annually. What is the total amount of interest earned? R=$200  i=0.10 n=20

Nov 20th, 2015

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[P (1 + i)n] – P
200(1+0.1)POWER 20  = 244.038
INTEREST = 244.038- 200=$ 44.038


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Nov 20th, 2015

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