## beccaoalves 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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1. slaaibak

$PV = 5000 \times {{1.0245^5 -1} \over {0.0245}}$

2. slaaibak

Sorry, meant FV, not PV

3. beccaoalves

Thanks!