Future Value of Annuity
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Deposited $3,000 at the end of each of the next 20 years into an account paying 10.5% interset, how much money will I have in 20 years, and have if I make deposits for 40 years?
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Solution Summary
The solution explains how to calculate the future value of an annuity
Solution Preview
We need to find the future value of annuity. The formula is
FV = PMT X ...
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