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Word Problem 13-11 (Algo) [LU 13-1 (2)] John Regan, an employee at Home Depot, made deposits of $850 at the end of each year
Word Problem 13-11 (Algo) [LU 13-1 (2)] John Regan, an employee at Home Depot, made deposits of $850 at the end of each year for 6 years. Interest is 6% compounded annually. What is the value of John's annuity at the end of 6 years? (Use Table 13.1.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. John's annuity value
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
