Derive an equation to find the end-of-year futuresumFthat
Chapter , Problem 4-49(choose chapter or problem)
Derive an equation to find the end-of-year futuresumFthat is equivalent to a series ofnbeginning-of- year paymentsBat interest ratei.Thenusetheequation to determine the future sumFequivalentto sixBpayments of $100 at 8% interest. (Answer:F=$792.28
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