Use the ordinary annuity formula
to determine the accumulated amount in the annuity.
Periodic...
Mathematics, 27.03.2021 02:20 nickp1233
Use the ordinary annuity formula
to determine the accumulated amount in the annuity.
Periodic Deposit: $1000 at the end of each year
Rate: 4% compounded annually
Time: 40 years
After 40 years, you will have approximately $
(Round to the nearest cent as needed.)
Answers: 2
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