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What is the future value of $2,200 per year for 29 years at an interest rate...

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Finance

What is the future value of $2,200 per year for 29 years at aninterest rate of 6.39 percent?

Answer & Explanation Solved by verified expert
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Assuming that the 2200 is invested at the end of each year we will calculate the future value by future value of ordinary annuity formula as given below Future value of ordinary annuity P 1 rn 1 r where P Annual payments    See Answer
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What is the future value of $2,200 per year for 29 years at aninterest rate of 6.39 percent?

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