Annuity Formula | Calculation of Annuity Payment (with Examples)
Annuity Formula | Calculation of Annuity Payment (with Examples)
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Use a calculator to evaluate an ordinary annuity formula:A = m(1 r/n)^(nt) - 1/(r/n)for m, r, and t (respectively). Assume monthly payments.(Round your answer to the nearest cent.)100; 4%; 10 yr
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