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14. -1 points RoliFMe 5.3.039 My Notes Ask Your Teacher $200 is deposited monthly into an ordinary annuity that earns 1.8% per month compounded monthly.
14. -1 points RoliFMe 5.3.039 My Notes Ask Your Teacher $200 is deposited monthly into an ordinary annuity that earns 1.8% per month compounded monthly. Find the amount at the end of 20 months. (Round your final answer to two decimal places.) Need Help? Read It Talk to a Tutor Submit Answer Save Progress Practice Another Version -/1 points RolfFM8 5.3.041 Mr. Nakamura wants to make monthly deposits into an annuity for his grandchild so that $15,000 will be available in 7 years. If the interest rate is 9% compounded monthly 15. My Notes Ask Your Teacher find the monthly deposit. (Round your final answer to two decimal places.) Need Help? Read ItTalk to a Tutor 16. -/1 points RolfFM8 5.3.042 My Notes Ask Your Teacher The Otwell company puts s16,000 per year into a sinking fund to purchase major equipment. The fund earns 6.8% interest compounded annually. Find the amount in the fund after 7 years. (Round your final answer to two decimal places.) Need Help? Read It Talk to a Tutor
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