Jake Werkheiser decides to invest $2000 in an IRA at the end of each year for the

Question:

Jake Werkheiser decides to invest $2000 in an IRA at the end of each year for the next 10 years. If he makes these investments, and if the certificates pay 12%, compounded annually, how much will he have at the end of the 10 years?
(a) State whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...