Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables fo

Question

3 years ago

7

Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables fo

und in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.

Mathematics

2 answers:

jok3333 [9.3K] · Answer 1 · 2022-04-09T05:48:43+03:00

jok3333 [9.3K]3 years ago

4 0

Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables found in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.

R/ $411,858

lakkis [162] · Answer 2 · 2022-04-09T03:59:35+03:00

lakkis [162]3 years ago

3 0

At the end of the 20 years, Andrew receives $41,948.61