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PMT= $2,000, 2.00% compounded monthly for 4 years. The future value of the ordinary annuity is ?

Question

PMT= $2,000, 2.00% compounded monthly for 4 years. The future value of the ordinary annuity is ?

 

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Step 1

From the given information, it is observed that the cash flow per period is $2000, interest rate is 2% and the ...

(1+-1
FV
Cx
ordinary Annuity
i
Where
Cash flow per period
C
į = Interest rate
n Number of payments
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(1+-1 FV Cx ordinary Annuity i Where Cash flow per period C į = Interest rate n Number of payments

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