Question
John Regan, an employee at Home Depot, made deposits of $770 at the end of each year for 5 years. Interest is 5% compounded annually.
John Regan, an employee at Home Depot, made deposits of $770 at the end of each year for 5 years. Interest is 5% compounded annually. What is the value of John's annuity at the end of 5 years? (UseTable 13.1.)(Do not round intermediate calculations. Roundyour answer to the nearest cent.)
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Modeling the Dynamics of Life Calculus and Probability for Life Scientists
Authors: Frederick R. Adler
3rd edition
840064187, 978-1285225975, 128522597X, 978-0840064189
