A company invested $2,357 each month into an annuity that earned 5.4% interest compounded monthly for 13

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A company invested $2,357 each month into an annuity that earned 5.4% interest compounded monthly for 13 years. How much was the account worth after 13 years?

Report your answer with two decimal places. Do not include dollar signs or commas.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Posted Date: Jun 21, 2023 07:56 AM

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A company invested $2,357 each month into an annuity that earned 5.4% interest compounded monthly for 13

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FV P 1 rnnt 1 rn Given P 2357 r 54 100 0054 annual interest rate n 12 ... View the full answer

Income Tax Fundamentals 2013

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