The future value of the ordinary annuity

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Reference no: EM131020408

Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=15,000;4.5% interest compounded quarterly for 15 years.

The future value of the ordinary annuity is $

The amount from contribution is $ and the amount from interest is $

Reference no: EM131020408

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