+0  
 
0
514
1
avatar+598 

A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of the debt at 10.8% p.a compounded annually.

Any help would be great thanks.

 Nov 13, 2015
 #1
avatar+130514 
+5

A = 8000( 1 + .108)^(7 + 5/12)  =  $ 17116.96

 

 

 

cool cool cool

 Nov 13, 2015

2 Online Users

avatar
avatar