Lakisha stops in the Common Ground Coffee Shop 14 times a month to drink a $2.75...
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Lakisha stops in the Common Ground Coffee Shop 14 times a month to drink a $2.75 coffee. After studying annuities, she decides to forgo the Kona coffee and, at the end of each month, invest the amount she had been spending on coffee in an annuity paying 4.4% compounded monthly. If she continues this for 40 years, how much will the annuity be worth? (Round your answer to two decimal places.) $ Lakisha stops in the Common Ground Coffee Shop 14 times a month to drink a $2.75 coffee. After studying annuities, she decides to forgo the Kona coffee and, at the end of each month, invest the amount she had been spending on coffee in an annuity paying 4.4% compounded monthly. If she continues this for 40 years, how much will the annuity be worth? (Round your answer to two decimal places.) $
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Formula for accumulated value A is R 1 rn 1 i Where R is amount ... View the full answer
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