Use the formula for the value of an annuity to solve Exercises 7784. Round answers to the

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Use the formula for the value of an annuity to solve Exercises 77–84. Round answers to the nearest dollar.

Here are two ways of investing $30,000 for 20 years.

After 20 years, how much more will you have from the lump-sum investment than from the annuity?

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: Jun 23, 2023 10:40 PM

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Use the formula for the value of an annuity to solve Exercises 7784. Round answers to the

Question:

Lump-Sum Deposit $30,000 Periodic Deposits $1500 at the end of each year Rate 5% compounded annually Rate 5% compounded annually Time 20 years Time 20 years

Step by Step Answer:

Find the total value of the lumpsum investmen...View the full answer

College Algebra

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