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To save money for his daughter's college tuition, Keith invests $269 every quarter in an annuity that pays 6.9% interest, compounded quarterly. Payments will be
To save money for his daughter's college tuition, Keith invests $269 every quarter in an annuity that pays 6.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 20 years.
To save money for his daughter's college tuition, Keith invests $269 every quarter in an annuity that pays 6.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 20 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. s(1)Step by Step Solution
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