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You deposit $60 at the end of each month into an annuity with 7.5% interest compounded monthly. What will be the value of the annuity after 35 years? Do not round until the final answer. Then round to the nearest dollar as needed.
 one year ago
 one year ago
You deposit $60 at the end of each month into an annuity with 7.5% interest compounded monthly. What will be the value of the annuity after 35 years? Do not round until the final answer. Then round to the nearest dollar as needed.
 one year ago
 one year ago

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nphuongsun93Best ResponseYou've already chosen the best response.3
i think > 60 ((1+0.075/12)^4201)/(0.075/12)
 one year ago

nphuongsun93Best ResponseYou've already chosen the best response.3
yea, i'm using the formula on this site http://www.math.hawaii.edu/~hile/math100/conse.htm
 one year ago

dhiwagmBest ResponseYou've already chosen the best response.0
if dats d formula, then answer s $121824
 one year ago

Adele21Best ResponseYou've already chosen the best response.0
121846 can you guys check if it's the right answer (I rounded to the nearest dollar )
 one year ago

dhiwagmBest ResponseYou've already chosen the best response.0
me too got d same yaar :)
 one year ago

dhiwagmBest ResponseYou've already chosen the best response.0
thank u for d link nphuongsun93 :)
 one year ago
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