Mathematics, 19.07.2019 16:30 aylineorozco836
Don made deposits of $500 at the end of each year for eight years. the rate is 8% compounded annually. using the tables found in the textbook, calculate the value of don's annuity at the end of eight years.
Answers: 1
![FV=P\left[\frac{\left(1+r\right)^n-1}{r}\right]](/tpl/images/0108/4837/c413d.png)
![FV=500\left[\frac{\left(1+0.08\right)^8-1}{0.08}\right]=5318.31](/tpl/images/0108/4837/270a2.png)
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Don made deposits of $500 at the end of each year for eight years. the rate is 8% compounded annuall...
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