Conner Love
11/01/2023 · Primary School

Question 4 of \( 5> \) possible This question: 2 point(s) possible Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given.

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Use the formula \( FV = R \times \left( \frac{(1 + r)^n - 1}{r} \right) \) to find the future value of an ordinary annuity, where \( R \) is the payment amount, \( r \) is the interest rate, and \( n \) is the number of periods.

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