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Homework #2D (FV and PV of Ordinary Annuity Annually) What is the accumulated sum of the following stream of payments? $2,548 every year at the

Homework #2D (FV and PV of Ordinary Annuity Annually)

What is the accumulated sum of the following stream of payments? $2,548 every year at the end of the year for 5 years at 9.94 percent, compounded annually.

Round the answer to two decimal places. Please show work to understand the formula. Thank you.

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