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You expect to make equal payments of $8910 at the end of each month over the next seven years ordinary annuity into a new bank
You expect to make equal payments of $8910 at the end of each month over the next seven years ordinary annuity into a new bank account earning interest of 5% what is the future value of the annuity stream if the frequency of compounding is 12 times per year
drc=1&qi=85933198.cfql=0&.dnb=0 5 - Time Value-2 (v11f) 00 Kansas Redmon: Attempt 1 Previous Page Next Page Page 3 of 8 Question 6 (1 point) You expect to make equal payments of $ 8910.00 at the end of each month over the next 7 years (ordinary annuity) into a new bank account earning interest at 5%. What is the future value of the annuity stream, if the frequency of compounding is 12 times per year. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Step by Step Solution
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