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13 September, 10:56

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

b. Find the interest

Time

Periodic Deposit

$6000 at the end of each year

Rate

5.5% compounded annually

10 years

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a. The value of the annuity is $

(Do not round until the final answer. Then round to the nearest dollar as needed.)

Its

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Answers (1)
  1. 13 September, 13:48
    0
    The final answer would be $3512.58
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