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# ) Find the FV of \$100 after 5 years with 10% nominal rate compounded semiannually.) Find the FV of a 5 year \$100 ordinary annuity with 10% nominal...

1 a.) Find the FV of \$100 after 5 years with 10% nominal rate compounded semiannually.

b.) Find the FV of a 5 year \$100 ordinary annuity with 10% nominal rate compounded semiannually.

a.) The FV of \$100 after 5 years... View the full answer

1 comment
• Sorry for the typo: ( / Should be * Multiply) So, (a) The FV of \$100 after 5 years = \$100/ (1.05) ^10 =\$162.89. (b) Is correct.
• bfacenjoro
• May 05, 2018 at 3:57pm

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