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31 January, 14:41

A. Use the appropriate formula to find the value of the annuity.

b. Find the interest

Periodic Deposit

$6000 at the end of each year

Rate

5.5% compounded annually

Time

10 years

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a. The value of the annuity is

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Answers (1)
  1. 31 January, 16:50
    0
    The value of the annuity would be $3512.58
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