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It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $709 each year
It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $709 each year into a savings account. You will make a total of 9 yearly deposits. If the savings account interest rate is 12%, how much money will you have at the end of year 9? (In other words, what is the future value of this annuity?)
Enter your answer in dollars, rounded to the nearest cent (2 decimals).
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