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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Use the ordinary annuity formula to determine the accumulated amount in the annuity.
Periodic...