Question: ANNUITIES: (Explain using excel, step by step please) If you and your partner decide to open an IRA account of $4,800 per year each. You

ANNUITIES: (Explain using excel, step by step please)

If you and your partner decide to open an IRA account of $4,800 per year each. You are offered 5 % annual interest for 30 years. What will be the amount and accrued interest of the annuity?

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