Question
Ryan deposits $5 each week into an ordinary annuity account which earns 13% compounded weekly. How much will be in this account after 35 years?
Ryan deposits $5 each week into an ordinary annuity account which earns 13% compounded weekly. How much will be in this account after 35 years? (Answer will be large because of the high interest rate and length of time)
How much interest did Jon earn from this annuity?
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
