Question
Suppose you sign up for an annuity in which you save $500, weekly for 35 years. The annuity promises you an annual interest rate of
Suppose you sign up for an annuity in which you save $500, weekly for 35 years. The annuity promises you an annual interest rate of 2% compounded weekly. How much will the annuity be worth in 35 years? (Note: there are 52 weeks in a year)"
| "$17,615 " | ||
| "$24,997 " | ||
| "$910,000 " | ||
| "$1,317,526 " |
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
