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hiralee
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Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?
 2 years ago
 2 years ago
hiralee Group Title
Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?
 2 years ago
 2 years ago

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ParthKohli Group TitleBest ResponseYou've already chosen the best response.0
\( \color{Black}{\Rightarrow 5000(1 + 0.0245)^5 }\) This isn't simple interest :)
 2 years ago

hiralee Group TitleBest ResponseYou've already chosen the best response.0
Whats the answer?
 2 years ago

ZhangYan Group TitleBest ResponseYou've already chosen the best response.1
anyway \[5,000(1+0.0245)^{5}\]
 2 years ago

ZhangYan Group TitleBest ResponseYou've already chosen the best response.1
\[5,000(1.0245)^{5}\]
 2 years ago

hiralee Group TitleBest ResponseYou've already chosen the best response.0
Thanks guys!
 2 years ago

ZhangYan Group TitleBest ResponseYou've already chosen the best response.1
\[5,000*1.04960025 \]
 2 years ago

hiralee Group TitleBest ResponseYou've already chosen the best response.0
the options it gives me for answers are  13,127.69 26,255.38 52,510.76 25,256.20
 2 years ago
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