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