Answer to Question #169065 in Financial Math for Deborah Green

Question #169065

Find the maturity value (S) of an annuity where R is $200 , I=0.10 and n =20 compounded annually

Expert's answer

Maturity value(s) =200 * ((1+0.10)²⁰-1)/0.10

=11,454.9999

=11,455

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