FV = A x [((1+r)^n)-1]/r

A = $12,000

r=0.08

n=3

FV = $12,000 x [((1.08)^3)-1]/0.08 = A ($39,337.20)

FV = A x [((1+r)^n)-1]/r

A = $12,000

r=0.08

n=3

FV = $12,000 x [((1.08)^3)-1]/0.08 = A ($39,337.20)

$39,337.20

A.39,337.20

39337.20

What is the future vaue of an ordinary annuity of 12,000 per year for three years,at 9% compounded annually

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