Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 12 - Sequences and Series - Chapter Review - Review Exercises - Page 662: 78

Answer

181.57

Work Step by Step

We are given $R=1526.38, n=5\times2=10, i=\frac{0.076}{2}=0.038$ The amount of this annuity is $S=1526.38[\frac{(1.038)^{10}-1}{0.038}]\approx 181.57$
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