What is the value of an ordinary annuity at the end of 8 years if $200 per

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What is the value of an ordinary annuity at the end of 8 years if $200 per month is deposited into an account earning 7.2% compounded monthly? How much of this value is interest?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 12:35 AM

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What is the value of an ordinary annuity at the end of 8 years if $200 per

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Thre are total of 812 payments ie 96 payments of 200 each We can tr...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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