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Future Value of an Ordinary Annuity What will be the future value on December 31, 2020, of 5 annual $60,000 deposits starting on December 31,

Future Value of an Ordinary Annuity

What will be the future value on December 31, 2020, of 5 annual $60,000 deposits starting on December 31, 2016, if the amounts earn 8% compounded annually?

(Click here to access the time value of money tables to use with this problem.)

Round your answer to two decimal places.

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