The Choi family wants to save money to travel the world. They purchase an annuity with a monthly payment of $65 that earns 4.5% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 11 years.

$8966.10

Step-by-step explanation:

The monthly payment with interest is 67.925. Multiply that by 12 for the 12 months in a year. You should get 815.10 as your yearly payment. And finally multiply 815.10 by 11 for the 11 years. You should get 8966.10 as your final answer. I hope this helps!

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