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15. (10 points) Mark purchases a fixed deferred annuity on December 12, 2020 and makes a $4,000 deposit each December 31 from 12/31/2020 through and

15. (10 points) Mark purchases a fixed deferred annuity on December 12, 2020 and makes a $4,000 deposit each December 31 from 12/31/2020 through and including 12/31/2045 for a total of 26 deposits. The fixed deferred annuity credits a constant 10% annual effective rate. Calculate Mark's account value on 12/31/2045 after the 26th payment has been made. Round your answer to the nearest integer. Enter your answer in tab-Answers.
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15. (10 points) Mark purchases a fixed deferred annuity on December 12, 2020 and makes a $4,000 deposit cach December 31 from 12/31/2020 through and including 12/31/2045 for a total of 26 deposits. The fixed deferred annuity credits a constant 10% annual effective rate. Calculate Mark's account value on 12/31/2045 after the 26th payment has been made. Round your answer to the nearest integer. Enter your answer in tab-Answers

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