Homework: 5c) Practice 8.5 Score: 0 of 1 pt 8.5.3 Save 6of10-complete) Hw Score:

Question

Homework: 5c) Practice 8.5 Score: 0 of 1 pt 8.5.3 Save 6of10-complete) Hw Score: 18%, 9 of 50 pts Question Help Periodic Deposit aAner 10 years. you wil have appron ately $ Do not round until the final answer. Then round to the nearest dollar as needed Do not include the S symbol in your answer at the end of each year 10 years a. Use the following formula to find the value of the annuity Pl(1+r) -1 b. Find the interest Enter your answer in the answer box and then click Check Answer remaining Clear A Check Answer

Explanation / Answer

Put the values given in the question in the formula =9000*((1+3.5%)^10-1)/3.5% Solving the equation will give the following future value of annuity. 105,583

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