Ayala Conner
08/16/2024 · High School
IW a. Use the appropriate formula to find the value of the annuity. b. Find the interest.
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To find the value of an annuity, use the formula \( A = P \times \frac{{(1 + r)^n - 1}}{r} \), where \( A \) is the future value, \( P \) is the periodic payment, \( r \) is the interest rate, and \( n \) is the number of periods. To find the interest, subtract the total payments from the future value of the annuity.
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