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1 year ago

14

Use the simple interest formula method to calculate the future value of an annuity with annual annuity payments of $1200 at 4% i

nterest for 20 years.

1 answer:

nikitadnepr [17]1 year ago

8 0

Answer:

Step-by-step explanation:

A = $2,629.35
A = P + I where
P (principal) = $1,200.00
I (interest) = $1,429.35

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