Asked by Jamie Stallings on May 16, 2024

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Determine the future value (accurate to the cent) of the ordinary general annuity:
Determine the future value (accurate to the cent) of the ordinary general annuity:

Ordinary General Annuity

A series of equal payments made at regular intervals over a specified period of time, with the payment intervals occurring at the end of each period.

Future Value

The value of an investment at a specified date in the future, considering various factors like interest rates and compounding periods.

  • Calculate the future value of ordinary general annuities.
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MG
Marissa GalloMay 17, 2024
Final Answer :
$16,339.57