Rate-
3% compounded annually
Mathematics, 28.09.2021 20:40 adantrujillo1234
Periodic Deposit-
$7000 at the end of each year
Rate-
3% compounded annually
Time-
20 years
a. Use the appropriate formula to find the value of the annuity. (Do not round until the final answer. Then round to the nearest dollar as needed.)
b. Find the interest. (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
Answers: 1
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Periodic Deposit-
$7000 at the end of each year
Rate-
3% compounded annually
Rate-
3% compounded annually
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