For the next 9 years, you decide to place $693 in equal year-end deposits into a savings
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Question:
For the next 9 years, you decide to place $693 in equal year-end deposits into a savings account earning 11.48 percent per year. How much money will be in the account at the end of that time period?
Round the answer to two decimal places.Please show formula. Thank you.
Homework #2D (FV and PV of Ordinary Annuity Annually)
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