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Author Question: The Olfert Contractors, Inc., are saving $958.00 every month in order to purchase a new paving ... (Read 114 times)

go.lag

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Question 1

Leanne Simon made ordinary annuity payments of $81.00 per month for fourteen years earning 9% compounded monthly. How much interest is included in the future value of the annuity?

Question 2

The Olfert Contractors, Inc., are saving $958.00 every month in order to purchase a new paving machine in twelve years. Their savings certificates pay 6% p.a. compounded monthly. How much of the maturity value will be interest?


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Marked as best answer by go.lag on Jun 6, 2019

mbcrismon

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go.lag

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review


xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

 

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