Answer
293.737
Work Step by Step
We are given $R=10.500, n=7\times2=14, i=0.1$
The amount of this annuity is
$S=10500[\frac{(1.1)^{14}-1}{0.1}]\approx 293.737$
Calculus with Applications (10th Edition)
by Lial, Margaret L.; Greenwell, Raymond N.; Ritchey, Nathan P.
Published by
Pearson
ISBN 10:
0321749006
ISBN 13:
978-0-32174-900-0
Chapter 12 - Sequences and Series - 12.2 Annuities: An Application of Sequences - 12.2 Exercises - Page 621: 7
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