Question
You expect to make equal payments of $9060.00 at the end of each of the next 8 years (ordinary annuity) into a new bank account
You expect to make equal payments of $9060.00 at the end of each of the next 8 years (ordinary annuity) into a new bank account earning interest at 4%.
What is the future value of the annuity stream? (use annual compounding)
Answer to the nearest cent?
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
