What if in addition to what is stated in the previous question, payments of $12,000 per year were made? In other words, a starting point of $12,000 at "time zero", plus $12,000 added each year for 45 years, starting at "time 1". What would the FV be then?

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To calculate the future value FV of an annuity with an additional payment of 12000 per year we can u... View the full answer