What is the value of an annuity at the end of 20 years if $2,000 is deposited

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What is the value of an annuity at the end of 20 years if $2,000 is deposited each year into an account earning 8.5% compounded annually? How much of this value is interest?

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Dec 17, 2023 01:04 AM

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What is the value of an annuity at the end of 20 years if $2,000 is deposited

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To find the value of the annuity use formula 6 with PMT 2000 i r 0085 and n 20 ...View the full answer

Finite Mathematics For Business Economics Life Sciences And Social Sciences

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