Compute the future value of the annuity with payments of $200, the interest rate is 2.0%, and
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Compute the future value of the annuity with payments of $200, the interest rate is 2.0%, and the term is 35 years. Assume the payment is made monthly, the interest rate given is the annual rate, and the interest is compounded monthly. (Just show equation with given values and final calculation.)
Related Book For
Fundamentals Of Financial Management
ISBN: 9781111795207
11th Edition
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
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