to determine the accumulated amount in the annuity. Periodic Deposit Rate Time $4000 at the end of each year 4% compounded annually 40 years

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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After 40 years, you will have approximately ….
X10.6.9
Use the ordinary annuity formula
nt
1+
- 1
A =
to determine the accumulated amount in the annuity.
Periodic
Deposit
Rate
Time
$4000 at the end of each year
4% compounded annually
40 years
Enter your answer in the answer box and then click Check Answer.
All parts showing
Clear All
esc
->
#3
3.
4.
5.
%24
Transcribed Image Text:X10.6.9 Use the ordinary annuity formula nt 1+ - 1 A = to determine the accumulated amount in the annuity. Periodic Deposit Rate Time $4000 at the end of each year 4% compounded annually 40 years Enter your answer in the answer box and then click Check Answer. All parts showing Clear All esc -> #3 3. 4. 5. %24
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