Calculate the accumulated amount of an annuity with deposits of $800 monthly at 3% for 25 years.

Discuss how the accumulated amount would change if the term was increased?

Scoring Rubric:

Expectation

Points

Problem is stated at the start of the post

____ /1

All work/explanation for assigned problem is shown

____ /2

Correct solution

____ /1

Proper grammar and spelling are used

____ /1

TOTAL

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